RE: RE: SP held Low purposely... Noteholders have been paid and all warrants have been issued. Noteholders were paid as of Friday past.
"The Registrant provided notice to the Trustee and holders of Existing Notes informing them that the Existing Notes will be prepaid in full effective May 4, 2012, in accordance with the terms of the Indentures, as amended by the Supplemental Indentures."
"On March 20, 2012, an aggregate of 1,500,000 share purchase warrants were issued to Waterton in connection with the Bridge Facility. Each warrant is exercisable at a price of C
.1862 to acquire one share of common stock of the Registrant and expire three years from the date of issuance."
"On March 22, 2012, an aggregate of 14,958,000 share purchase warrants were issued to the holders of the Notes. Each warrant is exercisable at a price of
.164 to acquire one share of common stock of the Registrant and expire eighteen months from the date of issuance."