RE:RE:RE:RE:RE:RE:RE:RE:RE:NO acceleration of Warrants purchase yet.Kjs4381,
Best reread my previous comments.
July 17th is definitely not the expiry date!
Warrant expiry dates:
October 19, 2024
March 7, 2025
July 21, 2025
Good luck to All!
kjs4381 wrote: dalesio_98 wrote: How can that be the case? The acceleration clause is triggered prior to the expiry date. Clause isn't triggered before July 17th.
As I've said before, PYR press releases leave more questions than answers provided. :) ;)
Good luck to All!
"Commencing on July 17, 2024, the exercise price of the Warrants held by holders wishing to participate in this repricing will be reduced to .75 per share. Those Warrants would also be amended to provide that if at any time before their expiry date, the closing price of the Common Shares on the Toronto Stock Exchange (“TSX”) is greater than .9375 (such amount being 125% of .75) over any 5 consecutive trading days, the Company will be entitled, within 15 days of the occurrence of such event, to accelerate the expiry date of the Warrants to the date that is 30 days following the date that notice of such acceleration is provided. Such notice shall be deemed to have been provided upon either the email notification of the holders of such Warrants or the issuance of a press release by the Company announcing the achievement of the acceleration event."
kjs4381 wrote: tamaracktop wrote: dalesio_98 wrote: Incorrect, IMO, the acceleration clause starts July 17th.
Good luck to All!
kjs4381 wrote: tamaracktop wrote: You're right!
Which begs a question.
Does the stock have to trade above .93 for 5 consecutive days AFTER July 17th, or do the last 5 days qualify it for the shortened expiry.
Not being facetious, the wording is somewhat unclear.
It doesn't matter where the stock trades now. The requirements for the acceleration clause have been met.
I agree with you Dalesio.
That's not a surprise that the two of you agree. I think it's clear, there are two different conditions in the nr.the first is the warrants are repriced at .75 as of July 17th.
The second condition refers to the acceleration clause. It clearly states that over any 5 consecutive days close above 93.75 cents. No where does it state that the 5 days has to occur after the 17th.
July 17th isn't the expiry date.