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Skychain Technologies Inc V.SCT.H

SkyChain Technologies Inc. is a Canada-based company engaged in providing crypto/data center and non-fungible tokens (NFT) and value-added services. The Company provides crypto miners an all-in-one solution by offering warehouse space, electricity, and maintenance and hosting services in Canada. It provides power and energy solutions for large scale mining farms to help optimize mining power consumption. It also provides solutions for mining farm construction and professional all-inclusive miner hosting and colocation services. The Company’s cryptocurrency mining hosting services include Birtle, Manitoba Project; Rendering Farm and Data Center; and the self-mining and decentralized finance (Defi)-NFT business. Its subsidiaries include MiningSky Technologies (Manitoba) Inc., Manitoba Ltd., MiningSky USA, Inc., and others.


TSXV:SCT.H - Post by User

Bullboard Posts
Comment by peakoiledon Oct 28, 2012 9:14pm
221 Views
Post# 20533236

RE: RE:insider buying

RE: RE:insider buying

Wasn't this option exercise automatic and based on warrants that were issues previously? See below:

"The Prospectus qualifies the distribution of 56,189,269 common shares ("Common Shares") and 56,189,269 Common Share purchase warrants ("Warrants") of BlueScout issuable upon the automatic exercise of 51,081,154 previously issued special warrants (the "Special Warrants"), and 3,371,357 compensation options ("Compensation Options") of BlueScout issuable upon the automatic exercise of 3,064,870 previously issued compensation warrants ("Compensation Warrants"). Each Warrant entitles the holder to acquire, subject to adjustment in certain circumstances, one Common Share at a price of C$0.10 per share at any time before 5:00 p.m. (Toronto time) on August 24, 2015. Each Compensation Option entitles the holder to acquire, subject to adjustment in certain circumstances, one Common Share and one Common Share purchase warrant of the Company (each, a "Compensation Option Warrant") at an exercise price of C$0.06 per Compensation Option at any time prior to 5:00 p.m. (Toronto time) on August 24, 2014. Each Compensation Option Warrant entitles the holder to acquire, subject to adjustment in certain circumstances, one Common Share at a price of C$0.10 per share until 5:00 p.m. (Toronto time) on August 24, 2015."

 

 

 

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