GREY:IVITF - Post by User
Comment by
frankmanon Dec 17, 2019 10:22am
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Post# 30463269
RE:RE:RE:$5.7 mil debenture financing with .19505 cent warrants
RE:RE:RE:$5.7 mil debenture financing with .19505 cent warrants Oh yes they can be a takeover target, however those warrants (shares) first have to be exercised at .19505 cents and at that point will only be a quarter~ of the outstanding shares. Also a four-month hold period after the date of issue.
Ucc is in no position to take over here. And by then Phase lll will be built and producing medical grade premium priced cannabis at triple the current production rate.
“and 29,223,212 common share purchase warrants with an exercise price of $0.19505 per common share of the Company (“Common Share”) and an expiry date of December 21, 2020 (the “Warrants”).”
“four-month hold period from the date of issue under applicable Canadian securities laws”