TSXV:NSP.H - Post by User
Comment by
Rock34on Apr 20, 2016 7:49am
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Post# 24787586
RE:RE:Warrent Extention: Why?
RE:RE:Warrent Extention: Why?Blazzing. Warrants are basically an extention of the original placement at a higher price. In this case NSP would issue more shares to those that exercise warrants and receive the cash for them. So for .30 warrants if 1 million got exercised the total shares outstanding rises by 1 million shares and the company receives $300k cash (1 million x .30). Hope this makes sense.