RE: RE: RE: warrantssee reply from BAJA regarding warrants:
Hi Rob,
Sorry for the delay in responding…we are dealing with year-end right now!
We considered the suggestion at a board level, reviewed the TSX policy below and determined that for a number of reasons, it is not in the best interests of all shareholders and unlikely to get TSX approval.
TSX Manual Section 609 (d) “Any proposed amendment to the terms of outstanding listed warrants must be accepted by TSX prior to the amendment becoming effective. Once warrants have been listed,TSX will not permit amendments to any of the essential terms of the warrants, such as the exercise price (except for anti-dilution purposes) or the expiry date. TSX will not list warrants in respect of which the warrant trust indenture (or equivalent document) entitles the directors of the listed issuer to change the exercise price (except for anti-dilution purposes) or which provides for the possibility of an amendment to the expiry date.”
Thanks for the suggestion – it never hurts to ask! We strive to make decisions in the best interests of everyone involved and do very much value our shareholders.
Kind regards
Kendra
________________
Kendra Low
Vice President - Administration
& Corporate Secretary
Baja Mining Corp.
Tel: 604-685-2323
Web: www.bajamining.com
Hi Kendra;
Is there any chance management at BAJA would consider letting these warrants expire on April 19th or 20th this year, but issuing to existing tradable BAJ.WT warrant holders non-tradable warrants that will expire sometime in the future?
It would send a very clear message to existing shareholders of the companies loyalty to their investors. I am not asking BAJA to do something that hasn't been done already by other companies. For myself and others in the same boat, it would make the difference between a total investment loss and a lifetime opportunity.
If I don't ask, I will never know.
Cheers;
Rob