Lightstream Resources Ltd. LSTMF

Can Someone explain the warrants?

[Pancho2]

We know this  Agreement has now been approved.

From July 28, 2016.
"the existing Common Shares of the Company will be consolidated and exchanged such that the existing holders of Common Shares (the "Shareholders") will hold an aggregate of approximately 2,250,000 new Common Shares of the Company (representing approximately 2.25% of the post-Arrangement issued and outstanding new Common Shares or a consolidation of approximately 88 existing Common Shares for one new Common Share) plus a total of approximately 7,750,000 Series 2 warrants to purchase new Common Shares, each distributed pro rata among the Shareholders. The Series 2 warrants will be exercisable for a period of five years following the effective date of the Arrangement and have a sliding scale exercise price between $12.88 and $14.96 per new Common Share"

Would we be able to buy 2 more shares per shares own, with our warrants between $12.88 and $14.96?