CALGARY, ALBERTA — (Marketwire) — 07/19/12 — Aguila American Gold Limited („Aguila“ or the „Company“) (TSX VENTURE: AGL) (The Company is pleased to announce that it will be making an application to the TSX Venture Exchange (the „Exchange“) to extend the term of a total of 7,225,000 common share purchase warrants by six months.
An aggregate of 5,975,000 of the warrants (the „November Warrants“) were issued pursuant to a non-brokered private placement which closed on November 4, 2010 and are exercisable into common shares in the capital of the Company at an exercise price of $0.20 until November 4, 2012. An aggregate of 1,250,000 of the warrants (the „December Warrants“) were issued pursuant to a non-brokered private placement which closed on December 1, 2010 and are exercisable into common shares in the capital of the Company at an exercise price of $0.40 until December 1, 2012. Aguila is seeking acceptance from the Exchange to extend the terms of the November Warrants until May 4, 2013 and the December Warrants until June 1, 2013. All other terms of the November Warrants and the December Warrants will remain the same.
On behalf of the Board of Directors,
John Huguet, President
Statements in this press release regarding the Company which are not historical facts are „forward-looking statements“ that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as „may“, „expect“, „estimate“, „anticipate“, „intend“, „believe“ and „continue“ or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties may prove to be inaccurate for any reason whatsoever. Actual results in each case could differ materially from those currently anticipated in such statements. Except as required by law, the Company does not intend to update any changes to such statements.
Neither 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.
Contacts: Aguila American Gold Limited Damien Lowry Cell: 778.995.7265 or Toll Free: 1.866.669.9377
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