VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2011) - Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX VENTURE:CLB)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) is pleased to report that it has received the consent of the TSX Venture Exchange to extend the exercise terms of certain outstanding share purchase warrants by one additional year. The warrant extension was originally announced on November 14, 2011.
The 1,100,000 warrants outstanding pursuant to a private placement completed on December 4, 2009 will now be exercisable to purchase up to 1,100,000 shares at the price of $0.75 per share until December 4, 2012. An additional 1,060,000 warrants outstanding pursuant to a private placement completed on December 24, 2009 will now be exercisable to purchase up to 1,060,000 shares at the price of $0.75 per share until December 24, 2012.
About Colombia Crest Gold Corp.
Colombia Crest Gold Corp. is focused on systematically exploring, developing and monetizing promising new gold projects in Colombia as well as realizing the potential of its 100 percent-owned San Simón project in Bolivia. The Company employs a team of seasoned geologists, each with 20+ years of experience exploring and discovering this type of porphyry deposit around the world, including Argentina, Mexico, Alaska, Indonesia, and Eastern Europe.
Along with a strong working capital position, the Company will accelerate the exploration programs at the Fredonia and Venecia projects where it has optioned over 34,000 hectares located in the Cauca River Valley. Situated approximately 40 km south of the city of Medellín, in Antioquia Province, the properties are positioned within the Middle Cauca Belt, which is the most prolific gold belt in Colombia with more than 500 years of gold mining history and a several new gold discoveries.
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Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.