TORONTO, ONTARIO--(Marketwire - Sept. 7, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") would like to remind holders of Continental common share purchase warrants trading on the Toronto Stock Exchange under the symbol CNL.WT (the "Warrants") that the Warrants are set to expire at 5:00 p.m. (Toronto time) on September 16, 2012; however, since such date occurs on a weekend, any exercises of Warrants must be effected on or prior to September 14, 2012. Any Warrants remaining unexercised after the expiration deadline will be cancelled, delisted, and will thereafter be of no force or effect.
Currently, there are 5,694,000 Warrants outstanding at an exercise price of $7.50 per Warrant. Assuming all Warrants are exercised, net proceeds to the Company would be $42.7 million.
How to Exercise Warrants
Warrant holders who wish to exercise their Warrants should instruct their investment advisor to effect an "immediate exercise". Once our transfer agent, Olympia Transfer Services Inc., receives payment and the required documentation, the Warrants will be cancelled and the warrant holder will receive Continental common shares.
Investors should consult with their investment advisor to confirm the time required to complete this process and other costs associated with the exercise, if any.
Warrant holders who hold a physical certificate wishing to exercise Warrants are required to provide Olympia Transfer Services Inc. with a certified cheque, bank draft or money order payable to Continental Gold Limited, as well as the warrant certificate with the subscription form on reverse completed.
For assistance, contact Olympia Transfer Services Inc. directly at 1-416-364-8081.
Other Updates
The Company has recently completed an animation video that describes the Buritica project and the proposed future development which is now available on the Company's website at www.continentalgold.com.
Furthermore, Ari Sussman, Chief Executive Officer, will be speaking at the 2012 Denver Gold Forum in Denver, Colorado, USA on Monday, September 10, 2012. The presentation will begin at approximately 9:00 A.M. MDT. A copy of the corporate presentation is available on the Company's website at www.continentalgold.com.
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