Sulliden Gold Corporation Ltd T.SUE.WT

RE: explain

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Warrant A certificate issued by a company giving the holder the right to purchase securities at a stipulated price within specific time limits or perpetually. A warrant is sometimes offered by a company as an inducement to buy an offering of common stock or other securities. ------ Socrate had the right to buy 3,900,000 shares at $3. It was anticipated that the share price would have been more than $3 before they expired. It was a sweetener on a previous transaction and was, IMO, intended to raise capital and ensure shares were held by a known, reputable partner. good tradin' -oldtimer