In accordance with the terms of the warrant indenture, the required form of notice of the Acceleration Event is being prepared and will be delivered to the holders of warrants. Holders of warrants have until June 2, 2004, being the date that is 21 days after the date of such notice, to exercise their warrants. Each warrant entitles the holder thereof to purchase one common share (a “Share”) of the Company at a price of $0.54 per Share up to and including November 24, 2004 (the “First Year”), and $0.66 per Share up to and including November 24, 2005 (the “Second Year”), or if after March 24, 2004, the closing price of the Company’s Shares on the TSX Venture Exchange is greater than $0.84 in the First year and $1.08 in the Second Year for 20 or more consecutive trading days, the Warrants shall expire 21 business days following delivery of notice to the Holder. Any warrants not exercised by June 2, 2004 will be cancelled and be of no further force and effect.
For further information contact:
David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Kim C. Casswell
Phone: (604) 688-6390
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.