TSXV:FCO.H - Post by User
Post by
materialsgirlon Dec 12, 2017 12:31pm
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Post# 27138980
we could get a cash injection of $11m or $12 pretty soon
we could get a cash injection of $11m or $12 pretty soonWarrants can be forcefully exercised if we get some trading over $1.80
Each Unit shall consist of one common share of the Company (each a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one common share at an exercise price of C$1.50 for a period of twenty-four (24) months following the Closing Date. The Warrants are subject to an acceleration clause such that, if the closing price of the Common Shares is equal to or greater than C$1.80 per share for a period of ten consecutive trading days, the Company shall have the option, but not the obligation, to effect for an accelerated expiration date that shall be 20 calendar days from the issuance of a notice of acceleration