GREY:MWSWF - Post by User
Post by
LeMarcuson May 01, 2015 10:12am
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Post# 23684635
Can someone explain this?
Can someone explain this?Why do the Warrant have up to dec 31 2017 exercice date, when they will be, by default, exerciced 10 days after october 28th 2015?
In consideration for the Loan, the Company has issued the Lender 367,500,000 warrants, each of which is exercisable to acquire one ordinary share of the Company at an exercise price of C$0.05 per share until December 31, 2017 (the "Warrants"). The exercise of the Warrants is subject to the receipt of disinterested shareholder approval and final approval of the TSX.
Upon receiving shareholder approval for the exercise of the Warrants, which must be obtained prior to October 28, 2015, the Warrants will be required to be exercised by the Lender within 10 business days.