|By Marketwired .||
|December 6, 2013 01:21 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/06/13 -- Hard Creek Nickel Corporation (TSX: HNC) -
Further to the Company's press release dated March 15, 2012, the Company advises that, subject to the approval of the Toronto Stock Exchange the expiry date and price of the warrants issued in connection with the private placement of that date have been changed as follows:
-- 1,137,778 warrants expiry extended from January 27, 2014 to March 2, 2016 and exercise price changed from $0.25 to $0.08; -- 955,555 warrants expiry extended from March 2, 2014 to March 2, 2016 and exercise price changed from $0.25 to $0.08;
The original terms of the Private Placement were as follows:
The Company completed a non brokered Private Placement of 3,043,333 Units at a price of $0.18 per Unit. Each Unit consisted of one common share and one Share Purchase Warrant. One full warrant was exercisable into one common share at an exercise price of $0.25 per share for 24 months from the date of closing of the private placement. The private placement closed in two tranches - January 27, 2012 and March 2, 2012.
The effective date of the Amendment to Warrants will be December 19, 2013.
Warrants held by insiders of the Company will not be affected by the repricing and extension of these warrants.
On behalf of the Board of Directors of Hard Creek Nickel Corporation,
MARK JARVIS, President
HARD CREEK NICKEL CORPORATION
The TSX does not accept responsibility for the accuracy or adequacy of this news release.