Northern Spirit Resources Inc. Rights V.NS

RE:Hey when do the current stockholders get to exercise

[farml1234]

Rights Offering

Upon completion of the Transaction, Altura shareholders will be entitled to participate in a rights offering, by way of a rights offering circular (the “Rights Offering”). Pursuant to the Rights Offering, each Altura shareholder as of the record date for such offering (the "Record Date") will be issued one right ("Right") for each Common Share held on the Record Date, entitling that holder to purchase one Common Share for each eight Rights held at a price of $0.18 per Common Share at or before the expiry time of the Rights Offering, following which all outstanding Rights shall terminate and expire. Subscribers under the Private Placement will not be entitled to participate in the Rights Offering with respect to any securities acquired pursuant to the Private Placement. The Rights Offering is subject to applicable regulatory approval, including by the TSXV.

Options