TORONTO, ONTARIO--(Marketwire - Nov. 19, 2009) - White Pine Resources Inc. (TSX VENTURE:WPR - News; the "Company") announces that it will make an application to the TSX Venture Exchange (the "TSXV") to extend the term of its Series 2008-II and Series 2009-I warrants to December 23, 2010 and January 26, 2011, respectively.
An aggregate of 4,275,000 Series 2008-II warrants were originally issued in December 2008 and are exercisable at $0.35 per share until 5:00 p.m. (Toronto time) on December 23, 2009. An aggregate of 2,000,000 Series 2009-I warrants were originally issued on January 26, 2009 and are exercisable at $0.35 per share until 5:00 p.m. (Toronto time) on January 26, 2010.
The exercise price for both series of warrants will remain the same.
The warrant amendments have been approved by the board of directors of the Company. The warrant amendments remain subject to TSXV approval.
About White Pine Resources Inc.
White Pine Resources Inc. is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay. The common shares of White Pine Resources Inc. trade on the TSX Venture Exchange under the symbol "WPR".
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the availability of applicable regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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 OR ACCURACY OF THIS RELEASE.
Contact:
John Tait
White Pine Resources Inc.
Chief Executive Officer
(416) 628-5905
