Goldspike Applies for Extension to Expiry Date of Warrants - 19 Action News|Cleveland, OH|News, Weather, Sports

Goldspike Applies for Extension to Expiry Date of Warrants

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Toronto, ON / ACCESSWIRE / July 8, 2014 / Goldspike Exploration Inc.
(TSXV: GSE) (the “Corporation”) has applied to the TSX Venture Exchange
(“TSX-V”) for the extension of the expiry date of certain common share purchase
warrants issued by the Corporation.

Prior to the completion of its initial public offering (“IPO”)
in August of 2011, the Corporation completed a private placement on December 15,
2010 of 5,000,000 units at a price of $0.10 per unit. Each unit was comprised of
one common share in the capital of the Corporation and one common share purchase
warrant, with each warrant entitling the holder to purchase one common share at
an exercise price of $0.20 until August 3, 2013.

On August 3, 2011, the Corporation closed its IPO of units and
listed its common shares on the TSX-V where the Corporation issued 16,000,000
units at a price of $0.25 per unit. Each unit was comprised of one common share
and one-half (1/2) of one common share purchase warrant, with each whole warrant
exercisable for one common share at an exercise price of $0.35 per common share
until August 3, 2013.

On July 23, 2013, the TSX-V approved a one year extension on
the above referenced warrants until August 3, 2014.

The new expiry date of these warrants (13,000,000 in total)
that has been requested extends for an additional 6 months until February 3,
2015.

For further information contact:

4 King Street West, Suite 1500
Toronto, Ontario
M5H 1B6

Office: 416-504-8821
Bruce Durham, President and CEO

bdurham@goldspike.ca

Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved
the information contained herein.

 

SOURCE: Goldspike Exploration Inc.

ReleaseID: 417609

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