CALGARY, ALBERTA–(Marketwire – Aug. 25, 2010) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
As previously announced, Storm Resources Ltd. (‘Storm’) has made application to the TSX Venture Exchange (the ‘Exchange’) for the listing on the Exchange of Storm’s previously issued common shares and warrants to purchase its common shares (the ‘Warrants’). Storm continues to diligently pursue such listing. As the Exchange’s review of Storm’s listing application remains ongoing, Storm has extended the deadline to exercise the Warrants from September 8, 2010 to September 21, 2010 with provision for a further extension to September 30, 2010, if, in the view of Storm, an additional period is necessary for the evolution of an effective market for the warrants and for shareholders to exercise their rights related thereto. Each whole Warrant entitles a holder to acquire one common share of Storm at a price of $3.28 per share.
In the event the Exchange approves the listing of Storm’s common shares and Warrants, Storm will promptly issue a press release confirming the receipt of such approval.
This news release is not for dissemination in the United States or to any United States news services. The common shares of Storm have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this release.