RE:RE:RE:ONE THING THAT CONCERNS ME... There are some more to come:
Today will be the eighth day above 1,25$
2.2 State the date of the transaction or other occurrence that triggered the
requirement to file this report and briefly describe the transaction or other occurrence.
On June 7, 2016,
CRH purchased 5,428,571 units of K92 at C$0.35 per unit for a total consideration
of C$1,900,000. Each unit consists of:
(i)
one Class A Preferred Share, convertible into one Common Share of K92; and
(ii)
one warrant entitling CRH to purchase one Common Share of K92,
exercisable at C$0.75 per share for a period of two (2) years following the date of issue.
A forced exercise clause applies to these warrants if Common Shares of K92 trade at C$1.25 or greater for 10 consecutive days during the 2-year term.
CRH has the right to purchase an additional 4,571,429
units of K92 at the same terms as above for an additional consideration of C$1,600,000 the “Second Tranche Equity Investment”).