VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - Terreno Resources Corp. ("Terreno" or the "Company") (TSX VENTURE:TNO) announces that it has extended the expiration dates of an aggregate of 22,117,000 warrants (the "Warrants") for an additional 12 months (the "Amendments"). 6,733,336 of the Warrants are held by insiders of the Company.
The Warrants were issued as part of a two-tranche private placement of units of the Company which closed on October 14, 2010 and November 1, 2010 respectively with each Warrant entitling the holder thereof to purchase one common share of the Company at a price of $0.20 for a period of two years. Terreno has extended the expiration dates of the Warrants for an additional 12 months such that 4,863,336 Warrants are now exercisable until October 14, 2013 and 17,253,664 Warrants are now exercisable until November 1, 2013. The exercise price of the Warrants remains unchanged.
The TSX Venture Exchange approved the Amendments on September 14, 2012 and the Amendments became effective on September 18, 2012.
About Terreno Resources
Terreno, meaning "of the earth" in Spanish, represents the Company's focus on natural resource opportunity development in South America. Terreno has option agreements on three exploration projects in Argentina; Poposa (formerly referred to as Amarillo) in San Juan, Socompa and Trigal in Salta. All three projects boast significant alteration systems and have the potential for copper, gold and silver mineralization. For more information, please visit www.terrenoresources.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 or accuracy of this release.