Extending the expired date on warrantsI expect LDS to do this. Here is an example with another company, on the venture exchange.
American CuMo Mining Corporation (“CuMoCo” or the “Company”) (TSXV: MLY; OTC-Pink: MLYCF)announces that subject to TSX Venture Exchange (“TSXV”) acceptance, it intends to extend the expiry date of a series of previously issued common share purchase warrants by one year. The Company proposes to extend an aggregate of 10,562,750 unexercised warrants (the “Warrants”) issued on October 9, 2014 as part of a private placement, having an original expiry date of October 9, 2016. Each Warrant entitles the holder to purchase one common share of the Company at a price of Cdn$0.10 per share and is subject to an acceleration provision whereby the term of the Warrants may be accelerated in the event that the Company’s common shares trade at or above a price of $0.12 per share for a period of ten consecutive trading days.