TSXV:AUN.H - Post by User
Post by
Thecook100on Apr 23, 2010 11:18pm
499 Views
Post# 17026920
Good News
Good NewsI like the news......can someone explain this part of the news in simple terms ? Please
cheers
Thecook.
"Each Warrant will entitle the holder to purchase one common share (a "Warrant Share") of the Company during the period of four (4) years from the Closing Date at a purchase price of CDN$1.00 per Warrant Share provided that if the closing price of the Company's shares as traded on the Exchange, subsequent to four months from the Closing Date, is at or over CDN$1.25 per share for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry of the Warrants upon giving 30 days notice to the holders thereof."