TSXV:RLV.H - Post by User
Comment by
BayStreetkidon Jun 08, 2017 11:52am
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Post# 26340616
RE:RE:Yahoo finance
RE:RE:Yahoo financeFrom Feb 22 release.
The Company will issue up to 37,000,000 million units at a price of $0.10 per unit, with each unit being comprised of one common share and one half warrant at $0.15 with a term of two years (the "Units"). In conjunction with the equity private placement, the company may issue up to $5M in long term debt ("the Debt"), thereby proportionately reducing the equity component of the total $7.5 Million Offering. The terms of the Debt will be announced in a subsequent press release, as applicable.
I assume this is whats going on...