OTCPK:NCNNF - Post by User
Comment by
Sunjamon Mar 14, 2019 4:32pm
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Post# 29487785
RE:RE:Warrants
RE:RE:Warrantsform wrote: Not important with the new financing, cancellations is more in my pipeline. Time will tell.
Take a breather will ya.. It's a simple question and I don't care about the financing. I want to buy the warrants, not shares.
Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $1.72, for a period of 60 months following the closing of the Offering. If, following the closing of the Offering, the volume weighted average price of the Common Shares on the TSX Venture Exchange is equal to or greater than $3.30 for any 10 consecutive trading days, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such written notice. Read more at https://stockhouse.com/news/press-releases/2019/03/12/48north-enters-into-25-million-bought-deal-equity-financing#6VhLqtP8v5klimcA.99