OTCPK:NWKRF - Post by User
Comment by
Peroksison Mar 14, 2019 5:23pm
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Post# 29488026
RE:RE:RE:RE:Hip.wt Warrants
RE:RE:RE:RE:Hip.wt WarrantsNow they have sent this to me, regarding Hip.wt
Hi,
The warrants will rollover into HEXO. Same expiry date, strike price and number of shares received would effectively transfer over at the same 0.06332 ratio as the common shares. So if you exercise your warrants post closing you would receive 0.06332 shares of HEXO for each share of HIP you would have received. The effective strike price for HEXO is the strike price of your warrant divided by 0.06332. More details on this will be in the circular available in May.
So if you exercise your 100,000 wt of HIP after this transaction closes you would get 6332 shares of HEXO. I don’t think you receive HEXO warrants, you keep HIP warrants but they exercise into HEXO shares (instead of HIP). Again the details will be in the circular but I believe that is how it works.
Best,