| September 22, 2008 |
| Nevoro Inc. Extends Warrant Expiry |
TORONTO, ONTARIO--(Marketwire - Sept. 22, 2008) - Nevoro Inc. (TSX:NVR)(the "Company") announces that the Board of Directors of Nevoro has resolved, subject to regulatory approval, to extend the term of certain outstanding share purchase and broker warrants ("warrants") for an additional twelve (12) months. The warrants to be extended are listed below:
Nevoro Warrants
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Number Exercise Price Old Expiry Date New Expiry Date
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904,500 US$0.25 October 7, 2008 October 7, 2009
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45,762 US$0.25 December 29,2008 December 29, 2009
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1,124,000 US$0.25 February 5, 2009 February 5, 2010
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15,000 US$0.25 March 7, 2009 March 7, 2010
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10,007,749 C$0.50 June 12, 2010 June 12, 2011
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1,283,892 C$0.50 June 12, 2010 June 12, 2011
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3,337,857 C$0.50 June 12, 2010 June 12, 2011
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421,750 C$0.50 June 12, 2010 June 12, 2011
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Sheffield Warrants(i)
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Number Exercise Price Old Expiry Date New Expiry Date
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1,105,714 C$0.45 October 6, 2008 October 6, 2009
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340,000 C$0.35 November 10, 2008 November 10, 2009
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485,714 C$0.45 November 10, 2008 November 10, 2009
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3,190,000 C$0.35 December 5, 2008 December 5, 2009
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762,200 C$0.45 December 5, 2008 December 5, 2009
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1,020,000 C$0.35 January 10, 2009 January 10, 2010
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1,134,000 C$0.45 February 23, 2009 February 23, 2010
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4,171,000 C$0.45 October 12, 2009 October 12, 2010
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15,000 C$0.45 October 12, 2009 October 12, 2010
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(i)Upon exercise, each Sheffield warrant will be converted into 0.8 Nevoro
common shares. Amounts shown for Sheffield warrants are before conversion.
The extension of the warrant expiration will only apply to warrants held by arms length warrant holders. Warrants held by insiders will not be extended. All other terms and conditions for all the warrants will remain unchanged.
About Nevoro Inc.
Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals in the western USA. Nevoro is currently drilling on its Stillwater nickel-copper-cobalt-PGE-chromite project in Montana and the Moonlight copper project in California. Nevoro also holds 11 gold and base metal exploration projects in Nevada and Idaho.
For more information, please visit the Nevoro Inc. website at www.nevoro.com.
CAUTIONARY STATEMENT: All statements, other than historical fact, contained or incorporated by reference in this news release, constitute "forward looking statements" within the meaning of certain securities laws, including the "safe harbor" provisions of the Securities Act (Ontario) and are based on expectations, estimates and projections as of the date of this news release. Such "forward looking statements", reflects management's current beliefs and is based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "intention" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information involves significant risks and uncertainties and in this press release such information includes, but is not limited to, statements regarding potential mineralization, resources, as well as future plans and objectives of Nevoro, including exploration and development. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors, which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking information. | |