Vancouver, BC – 360 Capital Financial Services Group Inc. (CSE: TSZ, www.360capital.ca) is pleased to announce that the Company has extended, by 18 months, the term of 6,250,000 warrants that were issued as part of a private placement which closed on May 30, 2011. These warrants were previously due to expire on May 30, 2013, and subsequently the expiry date of these warrants were extended to November 30, 2014.
The term of the warrants is now extended by 18 months to a new expiry date of May 30, 2016; the exercise price of the warrants (20 cents per share) remains unchanged.
As part the of the private placement on May 30, 2011, the Company had also issued 117,187 share warrants for finders; 240,625 share warrants for consulting; and 689,062 share options for agents (collectively as “Finders share warrants/options”) with an exercise price of 16 cents per share. The expiry dates for the Finders share warrants/options were also extended to have an expiry date of November 30, 2014. The Company does not intend to extend the exercise term of the Finders share warrants/options.
About 360 Capital Financial Services Group Inc.
360 Capital and its subsidiary business units, are developing, growing and operating financial services businesses and distribution through acquisition, partnership, joint-venture, and strategic alliance and cooperation – in Canada and Asia Pacific. These financial services include insurance, merchant banking and consulting services.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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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. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. 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 impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. 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. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.