WarrantsFrom the financials there are just over 1.8 million warrants set to expire on May 18th, 2006 at a price of $0.55
Of course GIT is in the low 40's so unless things changed they are going to expire without being excercised.
Any comments on this? The recommended drill program will cost $900,0000. If the warrants hit their price and are excercised the money could come from that, but if they arent excercised another financing would likely be necessary. How will these warrants expiring without being excercised affect a needed financing?
Warrants
At December 31, the following warrants were outstanding:
2005 Exercise Price Expiry Date
1,664,600 $0.55 May 18, 2006
171,610 $0.55 May 18, 2006
2,500,000 $0.50 June 4, 2007
123,000 $0.50 June 4, 2007