Simba Energy Inc. (SMBZF: OTC Link) | Simba Extends Warrant Terms

Simba Extends Warrant Terms

Jan 06, 2012

OTC Disclosure News Service

Vancouver, BC, Canada – Vancouver, BC, Canada – January 6, 2012 – Simba Energy Inc. (the “Company”) announces that the Company has agreed to extend the expiry date of warrants issued on January 20, 2011, with an original expiry date of January 20, 2012.  There are currently 21,161,250 warrants outstanding, each warrant exercisable into one common share of the Company at a price of $0.12 per share.  The warrants were issued pursuant to a private placement of 42,322,500 shares with 21,161,250 warrants attached.  Subject to the acceptance of the TSX Venture Exchange, the new expiry date of the warrants will be January 20, 2013.  The exercise price of the warrants will remain at $0.12 per share.

On Behalf of the Board,
“Robert Dinning”, President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@simbaenergy.ca   Telephone: (604) 641-4450   Facsimile: (604) 669-9335

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SMBZF/news?id=40728

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