RE: 1.20 shares
Intertainment warrant strike price decrease to 13 cents
2013-03-01 16:30 ET - Miscellaneous
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The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Special warrants:
Number of warrants: 9,880,136
Here you go....so what do you make of it?
good news...bad news?????
Expiry date of warrants: May 13, 2013
Forced-exercise provision: If the closing price for the company's shares is 16 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.