RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Can someone explain the whole "warrants" thing to me?method
I have looked at page 5 of the corporate presentation and it is confusing and poorly written. The brochure is just a sales tool; a company brochure and is not subject to the same standards as a legal document that is filed with Sedar as is MD&A.
If you look at page 21 of Management's Discussion and Analysis for the three and nine month periods eneded September 30, 2015 and 2014 it has a table that summarizes the warrants issuded and outstnding as at September 30, 2015. In that table it clearly shows 6,531,816 warrants outstanding at a weighted average exercise price of $3.00, Nowhere does it mention 130,636,320* @ $0.15 strike price as being oustanding as in the corporate presentation.
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00033780&fileName=/csfsprod/data152/filings/02414725/00000001/v%3A%5CObanMining-formerlyBraeval%5CInterims%5COBM-Q3-MDA-Sep30-2015.PDF