Petrolympic Receives TSX Venture Exchange Approval on Warrant Extension

TORONTO, ONTARIO (March 11, 2016) – Further to the announcement yesterday by Petrolympic Ltd. (TSX-V: PCQ) (the “Company”), the Company has now received the consent of the TSX Venture Exchange (the “TSXV”) to extend the term of 6,300,000 common share purchase warrants originally issued on February 13, 2014 (the ”February 2014 Warrants”) and 2,470,666 common share purchase warrants originally issued on March 7, 2014 (the “March 2014 Warrants”).  Those warrants were issued as part of a private placements of its securities. The terms of the warrants were previously extended by 8 months on July 7th, 2015. The expiry dates of the February 2014 Warrants and March 2014 Warrants are now extended as follows:

February 13, 2014.

Number of Warrants:
Original Expiry Date of Warrants:
July 7th 2015 Revised Expiry Date of Warrants:
New Expiry Date of Warrants:
Exercise Price of Warrants:

6,300,000
July 13, 2015
March 13, 2016
March 13, 2017
$0.25

March 6, 2014. 

Number of Warrants:
Original Expiry Date of Warrants:
July 7th 2015 Revised Expiry Date of Warrants:
New Expiry Date of Warrants:
Exercise Price of Warrants:  

2,470,666
August 7, 2015
April 7, 2016
April 7, 2017
$0.25

                                     

All other terms of the February 2014 Warrants and the March 2014 Warrants remain unchanged.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Petrolympic Ltd.
Mendel Ekstein
President and CEO
T: (845) 656-0184
E: exis@petrolympic.com