It all depends...They must keep the stock down or it could get away. It all depends whether they had made a price reservation of $0.05 when the shares for debt was announced. The stock was trading lower then.
TSXV’s pricing regime for issuers with a “Market Price” of more than $0.05. For example, if an issuer’s “Market Price” is $0.08 at the time of price reservation for a private placement or news release announcing a “shares for debt” transaction, the minimum price at which shares can be issued in the private placement or “shares for debt” transaction will remain $0.06, being the issuer’s “Discounted Market Price”.