VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2012) - Suparna Gold Corp. (the "Company") (TSX VENTURE:SUG) announces that it has made application to the TSX Venture Exchange (the "Exchange") to re-price and to extend the term of 16,666,667 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on June 30, 2011. The Warrants that are the subject of the application have an exercise price of $0.50 per common share and are set to expire on June 30, 2012. Insiders of the Company hold less than 1% of these Warrants. The Company has applied for consent to reduce the exercise price from $0.50 to $0.40 per common share and to extend the term of the Warrants from one (1) year to two (2) years from the date of original issuance of the Warrants in accordance with Exchange policies.
The Company also announces that Mr. Riaz Sumar has resigned as a director of the Company. The Company would like to thank Mr. Sumar for his services to the Company and wishes him the best in his future endeavours.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.