(via Thenewswire.ca)
Edmonton, Alberta - Brilliant Resources Inc. (BLT: TSX-V) (the "Company" or "Brilliant") announces that it intends to apply to the TSX Venture Exchange to amend the terms of a total of 92,592,575 outstanding share purchase warrants issued pursuant to a private placement that closed on May 11, 2011. These warrants are currently set to expire on May 11, 2013. The proposed amendment is limited to the extension of the expiry date of the warrants without changes to the exercise price of $0.45 per warrant share. The proposed new date for expiry of the warrants is May 11, 2014.
The proposed amendment to the original expiry date of the warrants as set forth above is subject to the approval of the TSX Venture Exchange.
About Brilliant Resources Inc.
Brilliant Resources Inc. (BLT: TSX-V) is an innovative exploration company in search of resource opportunities in West-Central Africa. Leadership, collaboration and mutual benefit are our guiding principles. Brilliant is currently pursuing a growth strategy in Equatorial Guinea, whereby it has acquired first rights to explore for resources in exchange for the delivery of a national airborne geophysical survey. Driven by an internationally experienced technical and management team, Brilliant is well-positioned for the discovery and development of high quality mineral and hydrocarbon prospects.
On behalf of the Board of Directors
"John Williamson"
John Williamson, P. Geol.
Chairman and CEO
Brilliant Resources Inc.
For further information about Brilliant Resources Inc. or this news release, please visit our websitewww.brilliantresources.com or contact:
Sean Mager
President and COO
Tel: +1.780.701.3215
Email: info@brilliantresources.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 release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Brilliant in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Brilliant's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Brilliant disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
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