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Sherritt Publishes Cobalt Reference Price and Warrant Conversion Ratio for January 2021
January 8, 2021 GMT
TORONTO (BUSINESS WIRE) Jan 8, 2021
Sherritt International Corporation (“Sherritt”) (TSX:S), a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended December 31, 2020.
Reference Date
December 31, 2020
1.00
Consistent with the terms of the Warrant Indenture dated as of January 25, 2018 and available on SEDAR, Sherritt will calculate and publish the Applicable Reference Cobalt Price based on the simple average of the midpoint of the Fastmarkets MB (formerly known as Metal Bulletin) High Price and the Fastmarkets MB Low Price 1, expressed in US dollars per pound, for the three consecutive full calendar months immedia