GREY:PGDIF - Post by User
Post by
BobbiOreon Aug 25, 2014 11:38am
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Post# 22874785
Basically a 21 cent financing. Ouch.
Basically a 21 cent financing. Ouch.
Shareholders of Peregrine will receive one right (a "Right") for each common share ("Share") held. Two Rights will entitle the holder to purchase one unit ("Unit") at $0.21 per Unit. Each Unit will be comprised of one Share and one common share purchase warrant ("Warrant"). Each Warrant will be exercisable for one Share at a price of $0.21 per Share for six months from the date of closing of the Offering. The Offering will include an additional subscription privilege under which shareholders who fully exercise their Rights will be entitled to subscribe for additional Shares, if available, that were not otherwise subscribed for in the Offering.