Long Run Explor Ltd Ord WFREF

RE:RE:Our Ceo Bill Andrew not responsible for Penn West Accounting

[barneyj44]

Thanks Can1 but don't think I will touch Elw now, the fast money may have already been made, what scares me is the warrants are good until 2019 @ .12 cents per share... Elkwater is also pleased to announce that it has closed the Private Placement (the "Closing"), issuing an aggregate of: (i) 60,000,000 units ("Units") at a price of $0.10 per Unit; and (ii) 190,000,000 common shares of the Corporation ("Common Shares") at a price of $0.10 per Common Share, for aggregate gross proceeds of $25 million to the New Management Team and other individuals identified by the New Management Team. Each Unit is comprised of one Common Share and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.12 until July 9, 2019. The Warrants will vest and become exercisable as to one-third upon the 20-day weighted average trading price of the Common Shares (the "Market Price") equaling or exceeding $0.20, an additional one-third upon the Market Price equaling or exceeding $0.265 and a final one-third upon the Market Price equaling or exceeding $0.335. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the "TSXV"). Read more at https://www.stockhouse.com/news/press-releases/2014/07/10/elkwater-resources-ltd-announces-closing-of-recapitalization-and-appointment-of#Tey9fufLkIMc38sM.99