Candax Energy Inc CXEYF

RE: re wt extention

[Malahat]

The company issued the warrants to sweeten the "bought deal" financing. There wouldn't be any particular advantage to the company to extend them. The warrants would only be exercised if the stock price price were greater than the exercise price. If the company needs money at that time, it could offer up new shares for sale and receive more money for them than the exercise price. If the company extends them it would be to the advantage of the warrant holders, some of them possibly insiders and friends of insiders. If they extend the warrants, I'll dump my stock and look for a more stockholder friendly play.