RE:The warrants cost $ 1.10 x 6.5Million @up2005 The warrants will expire early if the stock is trading above $1.35 for more than 10 days as stated in the last news release.
"each warrant entitling the holder to acquire an additional common share at a price of $1.10 for a period of 24 months from the closing date. Should the stock price trade over $1.35 per share for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry of the warrants by providing notice to the holders of the warrants by news release that the warrants will expire on the date that is not less than 30 days from the date the notice is provided."