Vancouver, British Columbia, International Zeolite Corp. (the “Company”) (TSX.V: IZ) (OTCQB: IZCFF) (FSE: ZEON) an international marketer and supplier of natural zeolite and zeolite products, announces that, subject to regulatory and warrantholder approval, it has extended the expiry date and decreased the exercise price of 2,947,267 share purchase warrants which were issued as part of a non-brokered private placement completed by the Company on November 9, 2018 (the “Warrants”).
The Warrants are currently exercisable for common shares of International Zeolite at a price of $0.75 per share, subject to an accelerated exercise provision, until November 9, 2018. The expiry date will be extended to November 9, 2019. In addition, the exercise price of the warrants has been reduced from $0.75 per share to $0.50 per share, provided that If, at any time the closing price of the Company’s common shares on the TSX Venture Exchange (or such other stock exchange on which the common shares may be traded from time to time) is at or above $0.625 per share for a period of 10 consecutive trading days (the “Triggering Event”), in which event the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30 business days after the date on which such notice is given by the Company announcing the Triggering Event.
On Behalf Of The Board
President & CEO