Warrant extension approved Note the exercise price was not dropped again. I guess even loan sharks have a conscious.....
TANGELO GAMES CORP. ("GEL")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: December 5, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to an extension of the expiry date of the following warrants:
| # of Warrants: | 35,000,000 |
| | |
| Original Expiry Date of Warrants: | January 30, 2018 |
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| New Expiry Date of Warrants | April 30, 2019 |
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| Forced Exercise Provision: | If the closing price for the Company's shares is $0.075 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. |
| | |
| Exercise Price of Warrants: | $0.06 |
These warrants were issued pursuant to US$39,000,000 and US$28,000,000 secured term loans, which were accepted for filing by the Exchange effective February 6, 2015 and November 26, 2015, respectively.
For further details, please refer to the Company's news release dated November 27, 2017.