OTCQB:VVCIF - Post by User
Comment by
zen2twentyon Jan 12, 2019 9:16am
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Post# 29222554
RE:Acceleration clause news coming ?WL at 2.20 today
RE:Acceleration clause news coming ?WL at 2.20 todayWL hasn't even traded for 10 days yet. LOL
SStoktikk wrote: VIVO has invested CDN$5 million in exchange for 5,882,353 units of Westleaf, with each unit consisting of one Westleaf common share (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant being a “Warrant”), at a price of $0.85 per unit. Each Warrant will entitle VIVO to acquire one Common Share at a price of $1.30 for a period of 24 months following the closing of the investment. Subject to certain conditions, Westleaf will have the right, on not less than ten days prior written notice to VIVO, to accelerate the expiry of the Warrants at any time if the ten day volume weighted average trading price of the Common Shares on any public stock exchange is greater than $1.80.