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Sokoman Minerals Corp. V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The company's primary focus is its portfolio of gold projects along the Central Newfoundland Gold Belt, and the district scale Fleur de Lys project in northwestern Newfoundland. The company also recently entered into a Strategic Alliance with Benton Resources Inc. through three, large-scale joint-venture properties in Newfoundland


TSXV:SIC - Post by User

Comment by BlindBoyon May 18, 2021 10:29am
121 Views
Post# 33221552

RE:RE:RE: Hell-bent on keeping this sp down until tommorow ???

RE:RE:RE: Hell-bent on keeping this sp down until tommorow ???You're only partially correct.  Sprott does not have to wait 24 months to exercise his warrants. That 24 months is merely the time of expiration for the warrants.

He can exercise the warrants once the 4 month holding period expires, provided the exercise doesn't take him beyond 20% ownership, and if he has not been voted approval (by shareholders) as  a control person. 

If he has been approved as a control person, (that meeting vote is today, May 18), then that restriction on a exercise which takes him beyond 20% does not apply.

In that case, he can exercise those additional warrants beyond 20% at anytime from the end of the 4 month hold to the 24 month expiry date, and the funds go directly to the company .
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