Xylitol Canada Receives TSX Venture Exchange Approval for Warrant Term Extension
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/20/12 -- Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE: XYL) today announced that, further to its news release of March 14, 2012, the TSX Venture Exchange has approved its application to extend the term of 9,020,000 Xylitol Canada warrants (the "Warrants"), which were set to expire on April 22, 2012, by one year. The Warrants were issued as part of a private placement completed by Xylitol Canada in April, 2010. Each Warrant is exercisable into one common share of Xylitol Canada at $0.40 per share.
As a result of the extension of the term of the Warrants, their new expiry date is April 22, 2013. All other terms of the Warrants will remain the same.
About Xylitol Canada Inc.
Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America.
Xylitol Canada's business strategy is to leverage novel proprietary technology and processes to become North America's premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is an all-natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier.
Neither TSX Venture Exchange Inc. 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.
Contacts:
Xylitol Canada Inc.
Andrew Reid
President and CEO
(416) 288-1019
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Datum: 20.03.2012 - 15:31 Uhr
Sprache: Deutsch
News-ID 1094808
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