| | | Fri Feb 15, 2008
Amendment to Warrant Terms
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| | War Eagle Mining Company Inc. (the "Company") announces that it has agreed, subject to TSX Venture Exchange approval, to amend the exercise price of certain share purchase warrants granted pursuant to a private placement announced on January 30, 2006 and February 6, 2006. 9,258,334 share purchase warrants previously exercisable at $0.60 per share and $0.80 per share are now exercisable at $0.40 per share. The expiry date remains unchanged at March 7, 2008.
War Eagle Mining Company Inc. trades on the TSX-V exchange under the symbol WAR
For further information contact: Bob Faris, Vice President, Corporate Development 1-800-877-1626 or 604-606-7973.
"Terence F. Schorn"
Terence F. Schorn, P. Geo
President War Eagle Mining Company Inc
For further information contact:
Bob Faris, Vice President, Corporate Development
or Steve McGuire at 1-800-877-1626 or 604-606-7973.
www.wareaglemining.com
info@wareaglemining.com
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
Forward Looking Statements
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with mining operations, therefore the Company's actual results, performance or achievements could differ materially from those expressed in or implied by these forward-looking statements will transpire, or occur, or if any of them do so, what benefits, including the amounts of proceeds which the company will derive therefrom. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future pricing trends of Ge metal, completion and production timetables. These statements are based on assumptions made by the company based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. |
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