RE:RE:Canaccord the Bookrunner
Luckboxx wrote: That is not what the SEDAR prospectus said....nice tall tale. Btw, why do you regularly post just before 4 EST? Trying to manipulate the close?
Suckers Bet: No Current Market for Warrants
The Warrants constitute a new issue of securities of the Corporation. There is currently no market through which the Warrants may be sold and purchasers of Units may not be able to resell the Warrants purchased under this short form prospectus. This may affect the pricing of the Warrants in the secondary market, the transparency and availability of trading prices, the liquidity of such securities, and the extent of issuer regulation.
Warrants are Speculative in Nature and may not have any Value
The Warrants do not confer any rights of Common Share ownership on their holders, such as voting rights or the right to receive dividends, but rather merely represent the right to acquire Common Shares at a fixed price for a limited period of time. Specifically, commencing on the date of issuance, holders of the Warrants may exercise their right to acquire Common Shares and pay an exercise price of $9.00 per Common Share, subject to certain adjustments, prior to October 31, 2022, subject to acceleration in certain circumstances, after which date any unexercised Warrants will expire and have no further value