TORONTO, ONTARIO--(Marketwired - April 10, 2013) - Solvista Gold Corporation ("Solvista" or the "Corporation") (TSX VENTURE:SVV)(OTCQX:SVVZF) has applied to the TSX Venture Exchange for the extension of the expiry dates of certain common share purchase warrants issued by the Corporation.
Prior to its going public transaction in 2011, the Corporation completed a private placement of 20,000,000 subscription receipts (the "Subscription Receipts") at a price of $0.75 per Subscription Receipt which closed in three tranches on January 26, February 10 and February 11, 2011. Each Subscription Receipt automatically converted into units of the Corporation upon completion of its qualifying transaction on April 27, 2011, where each unit was comprised of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Corporation at a price of $1.10 on or before April 27, 2013. The new expiry date of these warrants that has been requested extends for an additional year until April 27, 2014.
The company also completed a private placement on May 11, 2011 of 3,647,063 units at a price of $0.75 per unit. Each unit consisted of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Corporation at a price of $1.10 on or before May 11, 2013. The new expiry date of these warrants that has been requested also extends until April 27, 2014.
About Solvista
Solvista is a gold exploration company with two projects, Caramanta and Guadalupe. These projects cover approximately 60,000 hectares in the Antioquia province of Colombia, a region rich in historic gold mining tradition and where several new gold discoveries have recently been made. Drill programs conducted during 2012 confirmed the presence of significant gold mineralization at both of its projects, with drilling ongoing at Caramanta. Solvista's head office is located in Toronto with its Colombian headquarters located in Medellín. For further details on Solvista, its management team and its projects, please refer to Solvista's website ( www.solvistagold.com ).
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.
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