Press Release - MINING.COM
receipt of all regulatory approvals required for the Offering and the Consolidation. Post-Consolidation, each Special Warrant is exchangeable, for no additional consideration, into one unit of the Company (each a " Unit"), for a deemed price of $0.225 per Unit. Each whole Unit is comprised of one Common Share and one Common Share purchase warrant of the Company (each, a " Warrant"). Each Warrant entitles the holder thereof to purchase one post-Consolidation Common Share for a period of three (3) years after the closing date of the Offering at an exercise price of $0.30 per post-Consolidation ...
Source: mining.com