GREY:NCNNF - Post by User
Post by
Matgau1on Dec 06, 2018 2:30pm
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Post# 29077653
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?Can someone please explain clearly this part of the announce to a non stock initiate like me ?
Each Unit will be comprised of one Common Share and one quarter Common Share Purchase Warrant (each whole Common Share Purchase Warrant, a "Warrant"). Each full Warrant will entitle the holder to acquire an additional Common Share of 48North for a period of 12 months from the date of issue at a strike price of $1.15, provided that, the expiry of the warrants can be accelerated if the closing price of 48North's common shares on the TSX Venture Exchange ("TSXV") is at least $1.50 for a minimum of 10 consecutive trading days and a notice of acceleration is provided, in accordance with the terms of the warrant, to a date 30 days after the date of the notice
Read more at https://www.stockhouse.com/companies/bullboard/v.nrth/48north-cannabis-corp?postid=29077080#M4V3y8L2EIc9ktkm.99