| ||Mon Mar 14, 2011|
Hansa Extends Term of Warrants by One Year
| ||March 14, 2011 - Vancouver, Canada - Hansa Resources Ltd ("Hansa") TSXv-HRL; Frankfurt-3F2 announces that 9,400,000 common share purchase warrants (the "Warrants"), exercisable at $0.10 per share, and initially issued for a term of two years, have been extended by one year. Of the Warrants extended, 5,000,000 will now expire on April 1, 2012, 400,000 on April 8, 2012, 4,000,000 on April 22, 2012. These Warrants were issued pursuant to the closing, in three tranches, of a private placement financing announced by the Company in February 2009, as amended in March 2009. All other terms of the Warrants remain the same. |
ABOUT HANSA RESOURCES LTD.
Hansa Resources Limited is a TSX-V and Frankfurt, listed Canadian mineral exploration company engaged in the acquisition, exploration and development of base and precious metal properties. Hansa Resources is committed to building shareholder value through minimizing risk and maximizing potential value of the Company's projects, utilizing Hansa's highly experienced, flexible and successful Board of Directors and Management.
On behalf of the Board,
John Nugent, President
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Forward Looking Statement. This news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.