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Feb 27, 1998
Extension of Purchase Warrant Expiry Date
Mindoro Resources Ltd. ("Mindoro") announced today that it has sought and obtained conditional consent from The Alberta Stock Exchange (the "Exchange") for extension of the exercise period of 5,585,000 Purchase Warrants ("Warrants") issued upon conversion of 5,585,000 Debentures on February 25, 1997. Prior to the extension, holders of Warrants could, upon exercise of two Warrants and payment of $0.50 on or before February 24, 1998, acquire one Common Share of Mindoro. The extension will allow holders to exercise their Warrants, on the same terms, for an additional year, until February 24, 1999.
Holders will receive new certificates with an expiry date of February 24, 1999 to replace currently held certificates with an expiry date of February 24, 1998, which are now void and of no value.
Mindoro is a well-financed, Canadian mineral exploration company focussing on gold and gold-copper exploration in Asia and operates projects in the Philippines, Myanmar and Indonesia. Mindoro has 13,365,000 shares issued and outstanding and working capital of approximately $3,000,000.
The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
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