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CANADIAN PHOENIX ANNOUNCES EXERCISE OF WARRANTS
Jan. 25, 2011 (Canada NewsWire Group) -- CALGARY, Jan. 25 /CNW/ - Canadian Phoenix Resources C...
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[{"type":"text","content":"\n\n\n\n Jan. 25, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, Jan. 25 /CNW/ - Canadian Phoenix Resources Corp. (the "Corporation") (TSXV: CXP) is pleased to announce that it has received $13.6 million from the exercise of 10,900,088 warrants, at the exercise price of $1.25, between September 30, 2010 and January 11, 2011. As at January 25, 2011, the Corporation has approximately $80 million in cash and 58,468,718 common shares issued and outstanding.\nThe Corporation currently has 15,952,488 warrants outstanding, in the following three tranches:\n\n\n >\n\n\nCanadian Phoenix Resources Corp. is an oil and gas exploration company, based in Calgary, Alberta. Further information on Corporation may be obtained by accessing Corporation's website at www.canadian-phoenix.com.\n\nNEITHER 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 RELEASE\n\n\n\n\nMichael Atkinson, President & CEO, Phone: (604) 689-1428; John Downes, Interim Chief Financial Officer, Phone: (403) 920-0040\n\n","length":3404,"tagName":"div"}]