Vancouver, BC / ACCESSWIRE / May 15, 2014 / Copper Cowboy Resources Inc. (“Copper Cowboy” or the “Company”) announces that is has received shareholder approval to amend 4,000,000 share purchase warrants initially announced in December 2013. The Company reprised warrants to purchase an aggregate of 4,000,000 common shares in the capital of the Company from and exercise price of $0.15 to an exercise price of $0.05. In accordance with the policies of the CSE if the amended price is below the market price of the underlying security at the time the warrants were issued, and following the amendment the exercise price is below the closing price of the underlying security for 10 consecutive trading days, the term of the warrants must be amended to 30 days. The Company has amended the warrants to expire on June 26, 2014.
The Company also wishes to announce the issuance of 2,450,000 stock options at a price of $0.05 per common share to employees, directors, advisors and consultants of the Company. As per the Company’s Stock Option Plan, the options granted will be exercisable until May 14, 2018.
On Behalf of the Board of Directors,
Copper Cowboy Resources Inc.
CEO, President and Director
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SOURCE: Copper Cowboy Resources Inc.