TORONTO, March 13, 2019 (GLOBE NEWSWIRE) -- Petrolympic Ltd. (TSX-V: PCQ) (the “Company”), wishes to announce that the Company has applied to the TSX Venture Exchange (the “TSXV”) to extend the term of 1,818,182 common share purchase warrants originally issued on October 3, 2017. Upon the approval of the TSXV, the expiry dates of the October 2017 Warrants will be extended as follows:
| Number of Warrants: | 1,818,182 | |
| Original Expiry Date of Warrants: | April 3, 2019 | |
| New Expiry Date of Warrants: | October 3, 2020 | |
| Exercise Price of Warrants: | $0.25 |
The Company also announces that a total of 850,000 options to purchase common shares of the Company have been granted to an officer at an exercise price of $0.10 per share, expiring on March 12, 2024. The grant is to replace options that expired in December 2018. The grant is subject to regulatory approval.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, please contact:
Mendel Ekstein,
President and CEO Petrolympic Ltd.
T: 845 656-0184
E: exis@petrolympic.com