TORONTO, ONTARIO--(Marketwire - Nov. 26, 2012) - Morumbi Resources Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") is pleased to announce that an application has been approved by the TSX Venture Exchange to extend the term of the 4,838,330 warrants issued by the Company on December 22, 2009 and 2,098,000 warrants issued by the Company on January 28, 2011 (collectively, the "Warrants"). The terms of the Warrants were each previously extended and have each been further extended for an additional one-year period. The Warrants were previously scheduled to expire on December 22, 2012 and January 28, 2013, respectively, but will now expire on December 22, 2013 and January 28, 2014, respectively.
The Warrants were issued as part of private placement offerings by the Company which were completed on December 22, 2009 and January 28, 2011, respectively. For further information on the original issuances of the Warrants, please refer to the press releases of the Company dated December 23, 2009 and January 31, 2011, filed on SEDAR.
Warrantholders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to Morumbi, as warrant agent, in order to effect the exercise or transfer of such Warrants.
Morumbi Resources Inc. is a public company with early stage mineral exploration licences in PNG. Morumbi is also currently evaluating resource opportunities in Bougainville, PNG by forming strategic relationships with local landowner companies with the view to securing mineral exploration licences on their traditional lands, if and when the moratorium is lifted and licences are granted. It also has a legacy light oil property in northwest Alberta. The Company trades on the TSX Venture Exchange under the symbol "MOC". For more information about Morumbi and the Company's plans visit our website at www.morumbi.ca.
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.