GREY:CYXTF - Post by User
Post by
hanelhagon Mar 08, 2018 5:29pm
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Post# 27687073
CPTO should be at $1.00 minimum
CPTO should be at $1.00 minimumThe first tranche of CAD $5 million (the "Tranche 1 Loan") will be drawn on closing which is expected to occur in the first half of March, 2018, subject to settling definitive documentation, completion of satisfactory due diligence on the part of the investor and the approval of the TSX Venture Exchange (the "TSXV"). Amounts outstanding under the Tranche 1 Loan will be convertible at the option of the investor into units of the company ("Units") at a conversion price of CAD $1.00 per Unit. Each Unit will consist of one common share of the company (a "Common Share") and three-quarters of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share (a "Warrant Share") for a period of two years following the date of issuance at an exercise price of CAD $1.00 per Warrant Share. Read more at