Brett Resources Inc. (TSX Venture Exchange -- BBR) announces that it has elected to accelerate the expiry of indentured share purchase warrants (the "Warrants") originally issued by the Company on July 10, 2009 and set to expire on July 10, 2011. The accelerated expiry provision in the indentured Warrants has been satisfied, in that for a period of twenty (20) consecutive trading days the closing price of the Common Shares on the TSX Venture Exchange has been equal to or greater than $1.70.
The Company has elected to accelerate the expiry of the Warrants and the expiry date will now be May 17, 2010. Notice of the acceleration of the expiry of the Warrants is being mailed to registered holders of the Warrants.
Holders may exercise the Warrants before 4:00 pm (Vancouver time) on May 17, 2010 by surrendering to the Company's Transfer Agent, Valiant Trust Company, at 600 -- 750 Cambie Street, Vancouver, British Columbia, V6B 0A2, the Warrant certificate, together with (i) a duly completed and executed exercise form in the form attached to the Warrant Certificate; (ii) the original Warrant certificate; and (iii) a certified cheque, bank draft, cash or money order payable to Brett Resources Inc. in an amount equal to the purchase price of the number of shares subscribed for."
