Humm, 10, 13.5, 20 And Accelerated At 35 Cents. TORONTO, July 09, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces a non-brokered private placement offering of up to $2,000,000 consisting of: (i) “charity flow-through” Units at a price of $0.135 each (the “Charity FT Unit Offering”) and (ii) “flow-through” Units at a price of $0.10 each (the “FT Unit Offering” and, together with the Charity FT Unit Offering, the “Offering”). Eventus Capital Corp. has been appointed as a finder in connection with the Offering.
Each Unit will be comprised of one Common Share and one-half of one Common Share purchase warrant (each whole warrant, “Warrant”). Each Warrant shall be exercisable to acquire one Common Share (“Warrant Share”) at a price of $0.20 per Warrant Share for a period of 24 months from the closing of the Offering. If the closing price of the Common Shares is at a price equal to or greater than $0.35 for a period of 10 consecutive trading days, MacDonald will have the right to accelerate the expiry date of the warrants by giving notice, via a new release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release. (Quote) . Seems to me these guys are expecting big sp numbers no ?. Paying the going price now so no discount right ?. They want to exercise warrents they have to be in the money so I guess anybody with shares under a dime will also be in the money right?. Cmon rodents . You can do better then that . If the PP was for the max and thats 25% below sp then you would be looking at 7.5 cent paper . Later Rodents . My beer is getting warm lol. Cheers . JMO.