Post by
monte8 on Nov 04, 2022 8:45am
Re News
More dilution at longtime investors expense. Who is the party really for? Themselves or the investors?
As consideration for the Amendment, the Company has agreed to issue a total of 7,000,000 warrants (the "Warrants") to the Agent and certain affiliates of the Agent. Each Warrant will entitle the holder to one common share of the Company (a "Warrant Share") for a period of 60 months from the issue date of the Warrants, at a price of $0.095 per Warrant Share.
Thats free money for themselves.