RE: warrants.b
I am still trying to understand why wt.b are worth more than regular shares? See below..... exercise at $1.13 and expire in 2 years.......
Mega Uranium Announces Adjustments To Warrants
April 19, 2010
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
TORONTO, Ontario - April 19, 2010 - Mega Uranium Ltd. (TSX: MGA) (“Mega”) announces that certain of the terms of its outstanding common share purchase warrants have been adjusted effective April 17, 2010, as a result of the dividend-in-kind that was declared on Mega’s common shares on April 7, 2010 (which is payable on April 26, 2010 to shareholders of record at the close of business on April 16, 2010).
The dividend-in-kind constitutes an event under the anti-dilution provisions of the warrants which requires adjustments to the exercise prices of and the number of common shares of Mega issuable under the warrants. The adjustments are as follows:
2007 Series I warrants expiring February 12, 2012 (TSX: MGA.WT):
| | Original | Adjusted |
| Exercise price per share | $6.00 | $5.45 |
| Number of shares per warrant | 1.00 | 1.10(1) |
2007 Series II warrants expiring February 22, 2012 (unlisted):
| | Original | Adjusted |
| Exercise price per share | $7.90 | $7.17 |
| Number of shares per warrant | 1.00 | 1.10(1) |
2007 Series III warrants expiring June 6, 2012 (TSX: MGA.WT.A):
| | Original | Adjusted |
| Exercise price per share | $7.00 | $6.35 |
| Number of shares per warrant | 1.00 | 1.10(1) |
2009 Series I warrants expiring October 26, 2014 (TSX: MGA.WT.B):
| | Original | Adjusted |
| Exercise price per share | $1.25 | $1.13 |
| Acceleration price per share | $2.50 | $2.27 |
| Number of shares per warrant | 1.00 | 1.11(1) |