Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:Warrants due

[flashcash]

kirk15 wrote: This is an excerpt from the May 2018 financing,

Pursuant to the Offering, the Company issued a total of 16,130,000 units of the Company (the “Units”), at a price of C$0.62 per Unit, for gross proceeds of C$10,000,600, and 4,000,000 common shares of the Company issued on a flow-through basis (the “FT Shares”), at a price of C$0.75 per FT Share, for gross proceeds of C$3,000,000, for aggregate gross proceeds from the Offering of C$13,000,600.

 

Each Unit consists of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”).  Each Warrant is transferrable and entitles the holder to acquire one common share of the Company until May 24, 2020 at a price of C$0.85.

 

'I suspect they will be acquired as they won't be able to get shares at this price on the open market, then I suspect the share price will increase after the dust has settled.