Bacanora Minerals Ltd. (TSXV:BCN) announced that it has applied for an extension on all outstanding share purchase warrants. Bacanora has applied to extend the warrants from eighteen to thirty months.
As quoted in the press release:
The Warrants that are the subject of the extension application consist of an aggregate of 7,056,880 Warrants, each with an exercise price of $0.80 per Warrant, which were issued in connection with the Corporation’s private placement that closed on May 18, 2011. The foregoing Warrants are set to expire on November 18, 2012 and the application being submitted to the Exchange is to extend the expiry date until November 18, 2013.