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| | April 06, 2011
Argus Proposes to Extend Warrants
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| | Vancouver, B.C., April 06, 2011 - Argus Metals Corp. (the "Company") proposes to extend by six months the expiry date of warrants to purchase up to 1,650,000 common shares at an exercise price of $0.30 per share. These warrants were issued in connection with a non-brokered private placement completed in April 2010 and are scheduled to expire on April 7, 2011. If accepted by the TSX Venture Exchange (the "Exchange"), the Company will extend the expiry date of the share purchase warrants to October 7, 2011.
The application to amend the warrants is subject to the Exchange approval, and the Company makes no assurances that the Exchange will accept extension of the warrant term.
Argus Metals Corp. is a British Columbia-based exploration company that is focused on sediment hosted gold in the Yukon and gold and uranium projects in South America.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
President and CEO
For further information, please contact:
Argus Metals Corp.
350-580 Hornby St,
Vancouver BC, V6C 3B6
Telephone: (604) 687-2471
Facsimile: (604) 687-2472
Website: www.argusmetalscorp.com
Neither the 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 news release.
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| | You can view the Next News Releases item: Mon May 9, 2011, Argus Initiates 2011 Gold Exploration at Iron Mountain Project, Peru
You can view the Previous News Releases item: Mon Mar 21, 2011, Argus Metals Corp Incentive Options Issued
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