RE:RE:RE:RE:So Pointless..From the news release in 2019. I haven't seen any 10:1 reverse split on the warrants.
After giving effect to the Arrangement, pursuant to which each former shareholder of Blackbird (the Blackbird Shares closed at $0.24 per share on the TSX-V on January 3, 2019) received 0.1 of one Pipestone Energy Share and one share of Stage Holdco for each Blackbird Share previously held, Pipestone Energy has approximately 189.6 million Pipestone Energy Shares outstanding and 175.2 million Warrants. Pursuant to automatic adjustment provisions, each Warrant is now exercisable for 0.1 of one Pipestone Energy Share and one Stage Holdco Class A common share at an exercise price of $0.30 per Warrant until the Warrants expire in accordance with their terms on May 19, 2021 (subject to future adjustment in accordance with their terms). https://energynow.ca/2019/01/blackbird-energy-inc-and-pipestone-oil-corp-announce-the-closing-of-a-strategic-merger-and-310-million-in-equity-and-debt-financings-to-form-a-premier-high-growth-pure-play-condensate-rich-montney/
ibribr2 wrote:
1 warrant gives 1 share. Look at latest filing by GMT capital. They claim to own 3.8 million warrants and say that is 22% of all warrants in circulation Thus, around 18 million warrants exist total