What is the conversion prices?
Pursuant to the Offering, the Company issued a total of $25.1 million of 8.0% senior unsecured convertible debentures (the "Debentures") and 7,856,300 common share purchase warrants (the "Warrants"). The Debentures are convertible at the option of the holder into common shares of the Company at any time prior to the close of business on June 30, 2019 at a conversion price of $1.60 per share (the "Conversion Price"). Beginning on November 19, 2017, the Company may force the conversion of all of the then outstanding Debentures at the Conversion Price on 30 days' notice should the daily volume weighted average trading price of the common shares of the Company be greater than $2.25 for any 15 consecutive trading days. Each Warrant is exercisable to acquire one common share of the Company at an exercise price of $2.00 per share until July 18, 2019, subject to adjustment in certain events, and subject to the Company's right to accelerate expiry of the Warrants if, beginning on November 19, 2017, the closing trading price of the common shares of the Company equals or exceeds $3.00 for any 15 consecutive trading days (the "Acceleration Right"). Read more at https://www.stockhouse.com/news/press-releases/2017/07/18/hydropothecary-closes-25-1-million-bought-deal-private-placement-of-convertible#euLTCuBEd8YztXXh.99