VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 9, 2016) – San Marco Resources Inc. (TSX VENTURE:SMN) (“the Company” or “San Marco”) announces that, during the period July 1, 2016 to October 31 2016, $642,250 was received by the Company from the exercise of 8,213,000 warrants.
San Marco’s CEO, Bob Willis stated; “As a result of our stated business plan to aggressively pursue the multitude of target areas generated by the Globetrotters/San Marco partnership, we asked our San Marco warrant holders if they would be willing to exercise their warrants much earlier than their expiry. Results so far are a testament to the quality and belief by our shareholders that significant value will result from this request, while striving to preserve our reasonable share structure.”