GREY:ICOTF - Post by User
Comment by
PivotPointNewsWireon Dec 11, 2012 11:49am
421 Views
Post# 20713130
RE: warrants
RE: warrants The warrants from the last .45 cent financing have a two year shelf life. The warrants are on a one to one basis which if all the warrants are exercised will generate $3,405,199.00 for the company moving forward. An extra $3.4 million in the bank should be able to carry ICO into 2014 without needing any additional financing.
July 13, 2012, Vancouver, Canada—iCo Therapeutics Inc. (“iCo” or “the Company”) (TSX-V: ICO) announced today that it has closed its previously announced prospectus offering of 5,675,332 units (“Units”) at a price of $0.45 per Unit for aggregate gross proceeds of $2,553,899.40 (the “Offering”). Each Unit is comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $0.60 per share for a period of 2 years following closing of the Offering.
https://www.pivotpointnewswire.com/