GREY:NEVDQ - Post by User
Post by
patchhon May 16, 2022 11:08pm
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Post# 34688152
NCI disinterested shareholder approval - Warrants
NCI disinterested shareholder approval - Warrants
Credit Facility Warrants
In connection with entering into the amended and restated 2021 Credit Facility, the Company issued
15,000,000 common share purchase warrants (the "the Credit Facility Warrants") to Pala, with each
Credit Facility Warrant entitling Pala to purchase, on or before January 31, 2026, one common share at
an exercise price of C$0.8553, which represented a 25% premium to the 5-day volume weighted average
price of the common shares on the Toronto Stock Exchange (the "TSX") ending on November 29, 2021,
the trading day immediately prior to the date of entry into the amended and restated 2021 Credit
Facility. Pursuant to the requirements of the TSX, the Company obtained disinterested shareholder
approval authorizing the exercise of the Credit Facility Warrants at a special meeting of shareholders
held on January 25, 2022
Payla is now jumping in and lending 15$ to NCi - under their credit facility bonds.. then getting these paid off..
then getting permission to exercise 18M$ in credit facility warrants w/o shareholder approval.. so he get to double dipp - get wthem write off's and charge 8 points..
hell who would want ot quit that job ?
these people R slick