Regarding the WEL wts.... If you look at the BGL wt exension ... Note that the whole placement is subject to the same terms .... Therefore if our March 5th initial placement wts expire it would indicate that there is a likelyhood that the balance of the wts will also be allowed to expire.

Note the expire dates and extension in BGL's Nr today:

Bandera Gold warrant extension

2010-02-23 20:21 ET - Miscellaneous

The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.

Warrants: 7.5 million

Original expiry date: March 10, 2010 (as to 4,098,000 warrants); June 1, 2010 (as to 1,413,000 warrants); June 12, 2010 (as to 1,989,000 warrants)

New expiry date: March 11, 2011 (as to 4,098,000 warrants); June 1, 2011 (as to 1,413,000 warrants); June 12, 2012 (as to 1,989,000 warrants)

Exercise price: 20 cents

These warrants were issued pursuant to a private placement of 15 million shares with 7.5 million share purchase warrants attached, which was accepted for filing by the exchange effective March 3, 2009 (as to 8.96 million units), May 29, 2009 (as to 2,826,000 units); and June 18, 2009 (as to 3,978,000 units).