17,000,000 Warrants will rise to $0.40 on Feb 22nd.
The Placement will consist of the issuance of up to 69,230,770 units (the "Units") at a price of$0.26 per Unit. Each Unit will consist of one common share of Crocodile Gold and one-quarter of one common share purchase warrant ("Warrant") with each whole Warrant being exercisable to acquire one further common share of Crocodile at a price of $0.35 for a period of 12 months from closing and at a price of $0.40 for an additional period of 12 months beginning on the date of the first anniversary of the closing of the Placement.