August 27, 2008
Duluth Metals Announces Extension of Exercise Period for Class A Warrants to September 30, 2009
TORONTO, Aug. 27 /PRNewswire-FirstCall/ -- Duluth Metals Limited ("Duluth Metals")(TSX:DM) (TSX:DM.U) today announced that its Board of Directors has approved the extension of the exercise period for its Class A Warrants from their scheduled expiration date of September 30, 2008 to September 30, 2009, which amendment becomes effective September 11, 2008. Each Class A Warrant entitles the holder to purchase one common share in the capital of Duluth Metals at an exercise price of CDN$1.10 per share. The current number of Duluth Metals' issued and outstanding Class A Warrants is 3,610,496.
About Duluth Metals
Duluth Metals is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals' principal property is the Nokomis Deposit located within the rapidly emerging Duluth Complex mining camp in northeastern Minnesota. The Duluth Complex hosts one of the world's largest un-developed repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals.
This document may contain forward-looking statements (including "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to Duluth Metals' operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Duluth Metals' control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Duluth Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Duluth Metals Limited
CONTACT: Mara Strazdins, Director of Corporate Communications, [email protected] or at (416) 369-1500 or Henry Sandri, Presidentand CEO, at [email protected]; U.S. corporate office: telephone (651)389-9990, Web Page: http://www.duluthmetals.com/