RE:Warrant expiry scam During the year ended September 30, 2019, as part of securing a loan for $300,000, warrants were issued at an exercise price of $0.10, an expiry date of January 24, 2020, fully vesting at issuance. (see note 6)
During the year ended September 30, 2019, 3,651,308 outstanding warrants that were to expire on September 7, 2019 were repriced from an exercise price of $0.15 per common share to $0.10 per common share, with 3,382,937 of such warrants being exercised prior to expiry.
Subsequent to the year ended December 31, 2019, 2,750,000 warrants were exercised for total proceeds of $275,000 and the short term loan associated with these warrants was paid in full. As at January 17, 2020 there are no warrants outstanding.