RE:RE:RE:I guess I see something different than mostTrendSwapper wrote: I'm waiting for the mass selling to stop, and still curious as to why somebody with such a large position wants to dump it. What do they know that we don't. Everything with this company seems perfect, which is the problem. I'll buy back in at 16....
anyone know how long the agent option is good to, tried joe but no answer.
did they take the 2.1 mil units ?
Canaccord Genuity Corp. (the "Agent") acted as sole lead manager and sole book runner for the Offering. The Company paid the Agent a cash fee of $395,800 and issued 200 Convertible Debenture Units (the "Agent's Units"), in payment of the Agent's commission, corporate finance fee and expenses. In addition, the Agent received an option (the "Agent's Option") to acquire 2,155,200 units of theCompany ("Units") at an exercise price of $0.25 per unit. Each Unit is comprised of one Common Share (each a "Unit Share") and one common shares purchase warrant (each a "Unit Warrant"), exercisable for one Unit Share at a price of $0.35 per Unit Share (the "Unit Warrant Shares"), subject to the same terms and conditions as the Warrants. The securities issued pursuant to the Offering (including the Convertible Debentures, the Warrants, the Agent's Units and the underlying Convertible Debentures and Warrants, the Agent's Option and the underlying Unit Shares, Unit Warrants and Unit Warrant Shares) are all subject to a hold period under applicable Canadian securities laws of four months and a day, which will expire on December 17, 2017.