GREY:IPRSF - Post by User
Post by
willis888on Jan 19, 2017 6:55pm
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Post# 25731317
TEC warrants now can be called at 0.075
TEC warrants now can be called at 0.075something is about to go down!.................. . . Tangelo Games 35 million warrants amended 2017-01-19 13:49 PT - Miscellaneous The TSX Venture Exchange has consented to a further reduction in the exercise price of the following warrants. Number of warrants: 35 million Expiry date of warrants: Jan. 30, 2018 Forced exercise provision: If the closing price for the company's shares is 7.5 cents or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day. Original exercise price of warrants: 19.5 cents New exercise price of warrants: six cents until Jan. 30, 2018 These warrants were issued pursuant to a $39-million (U.S.) and a $28-million (U.S.) secured term loan, which were accepted for filing by the exchange effective on Feb. 6, 2015, and Nov. 26, 2015, respectively.