GREY:COSLF - Post by User
Comment by
fraser2503on Jan 16, 2016 11:50am
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Post# 24464907
RE:RE:RE:RE:What Gives?
RE:RE:RE:RE:What Gives?There were the 2013 waarants which expire June 30, 2016. The debentures have been converted but any warrants that haven't already been exercised are still outstanding. They've been in the money for a while so maybe the number outstanding is less than the 5M issued.
from 2015 Annual Report:
On August 9, 2013, the Corporation issued 1,200 units of the Corporation at a price of $1,000 per Unit for aggregate gross proceeds of $1,200,000. Each Unit is composed of (i) $1,000 principal amount of convertible subordinated redeemable debentures and (ii) 4,167 common share purchase warrants (‘’2013 Warrants’’). Each 2013 Warrant entitles its holder to acquire one common share of the Corporation at a price of $0.15 per common share until June 30, 2016.