GREY:IPRSF - Post by User
Post by
willis888on Nov 26, 2015 11:28pm
141 Views
Post# 24330300
warrants repriced
warrants repricedMaybe this is part of the drop in price. Imperus Technologies 20 million warrants repriced 2015-11-26 13:45 ET - Miscellaneous The TSX Venture Exchange has consented to a reduction in the exercise price of the following warrants. Number of warrants: 20 million Expiry date of warrants: Jan. 30, 2018 Forced exercise provision: If the closing price for the company's shares is 25 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day. Original exercise price of warrants: 38.5 cents New exercise price of warrants: 19.5 cents until Jan. 30, 2018 These warrants were issued pursuant to a $39-million (U.S.) secured term loan, which was accepted for filing by the exchange effective Feb. 6, 2015.