Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 6, 2011) – NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) is pleased to announce that it has cancelled a total of 15,000,000 previously issued warrants which were surrendered by the holders for cancellation effective August 29, 2011. This reduces the total number of warrants outstanding (including those issued in connection with the Private Placement which closed on August 16, 2011) from 27,632,851 to 12,632,851 warrants, representing approximately a 54% reduction in Northaven’s outstanding warrants.
On behalf of the Board of Directors of NORTHAVEN RESOURCES CORP.
Allen D. Leschert, CEO
For further information, please visit Northaven’s website at http://www.northavenresources.com.
