I was reading back on the Sedar Financial Filings, here is 1 interesting point. Here is a list of the current warrants PP expiry dates.
The Company has the following warrants outstanding at September 30, 2011:
Number of Warrants Purchase Price Expiry Date
1,054,758 $ 0.20 April 23, 2012
1,268,625 $ 0.20 May 7, 2012
7,830,471 $ 0.13 January 12, 2013
10,986,850 $ 0.13 February 3, 2013
4,571,428 $ 0.22 February 7, 2013
393,194 $ 0.22 February 8, 2013
490,908 $ 0.16 February 9, 2013
485,780 $ 0.22 February 14, 2013
1,357,142 $ 0.22 March 4, 2013
454,545 $ 0.16 March 7, 2013
1,909,090 $ 0.16 March 21, 2013
985,731 $ 0.16 April 21, 2013
22,727 $ 0.16 July 6, 2013
35,745 $ 0.13 September 9, 2013
9,880,140 $ 2.00 September 14, 2013
Total 41,727,134
Now here is an excerpt in the fillings,
Each whole warrant entitles its holder to purchase one additional common share for $2.00 and will expire
on May 13, 2013. In the event that the common shares trade at a closing price on the TSX Venture
Exchange of $4.00 or higher for a period of 15 consecutive days at any time after four months and one
day after the closing of the offering, the Company may accelerate the expiry date of the warrants by
giving notice to holders thereof, and in such case, the warrants will expire on the 30th day after the date of
notice being given by the Company.
Now here are key elements, There are 9,880,140 warrants @ $2.00 which values $19,760,280 or let's round it to $20Million just for giggles. Should the market's bidding price be $4 or higher, for 15 consecutive days after 4 months, The company could/may accelarate the expiry to the 30th day after notice is given.
The reason I bring this up is "potentially" we can see $4 or higher soon if it A) helps get INT on NASDAQ B) Release the warrants for near $20 mill cash flow.