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SOUTHERN LITHIUM CORP V.SNL

"Southern Lithium Corp is a resource exploration company. The Company is engaged in acquiring and exploring mineral properties."


TSXV:SNL - Post by User

Comment by oceanelevenon Sep 19, 2017 4:28pm
99 Views
Post# 26716150

RE:Their terms are questionable....

RE:Their terms are questionable....oopsie...forgot to add this term:

In the event that the Company’s common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving written notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the (“Forced Conversion Feature”) on which such notice is given by the Company. 

so no vesting conditions and can accelerate the expiry date of warrants if sp stay 50 cent for 10 days....boy oh boy do these boyz know their stuffies eh!!!!

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