Ireland extends expiration of warrants sold in 2007 to June 30, 2012

By Devika Patel

Knoxville, Tenn., June 17 - Ireland, Inc. amended the terms of the warrants it sold in 2007, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

On June 17, the company extended the expiration date for the warrants to June 30, 2012. The two-year warrants originally were to have expired in 2009.

The company may accelerate the expiry if its shares trade at a weighted average price higher than $3.50 for 20 consecutive trading days. In that case, the warrants will expire 30 days after the company notifies holders.

No other changes were made with respect to the terms and conditions of the warrants, which are exercisable at $1.00 apiece.

Located in Blaine, Wash., Ireland is a mineral exploration company.

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