OTCPK:NWKRF - Post by User
Post by
thebiz on Aug 28, 2018 3:44pm
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Post# 28531675
Confirmation of Warrants
Confirmation of WarrantsCan someone confirm that each warrant is worth 1 whole common share upon excercise?
In the prospectus it mentions each unit consisting of one-half of one common share purchase warrant:
"Under the terms of the Offering, the Underwriters have agreed to purchase 60,000,000 units (“Units”) from the treasury of the Company, at a price of $0.75 per Unit and offer them to the public by way of short form prospectus for total gross proceeds of approximately $45 million. Each Unit will consist of one common share (each a “Common Share”) of the Company and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one Common Share at a price equal to $1.00 for a period of 60 months following the closing of the Offering."
Thanks!!! Hip Rules!!!