Mar 04, 2009 Yale Announces The Acceleration Of Warrants Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) announces that the shares of Yale have traded for ten consecutives days at, or above, $0.065. As a result the Company will be giving the owners of 4,529,100 Share Purchase Warrants ("Warrants") written notice that the Company will be accelerating the expiry date of all of the Warrants to thirty days following the date which is seven calendar days following the tenth Premium Trading Day, or the 9th of April, 2009. The Warrants affected were issued to subscribers to the Company's 2,361,000 unit private placement at $0.20 per unit, which closed December 11, 2006 and the Company's 2,500,00 unit private placement at $0.20 per unit, which closed on December 21, 2006. The exercise price of the Warrants was amended to $0.05. On behalf of the Board, "Ian Foreman" Ian Foreman, P.Geo. President For additional information on Yale Resources please call the Company at 604-678-2531. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. | |
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