RE:RE:Horrible communication!Eclipse just announced that warrants are being added to the financing.
, President of Eclipse commented, "The $0.50 units will now include a ½ warrant with each full warrant exercisable into a share of the combined company for two years at $0.80 . Investors who purchase the subscription receipts will, upon conversion, own shares and warrants of the entity resulting from the combination of Northern Vertex and Eclipse." Researching eclipse financials now to find out how many warrants they have and options Eclipse and Northern Vertex, who are arms length to each other, have entered into an Arrangement Agreement dated December 4 th , 2020 pursuant to which shareholders of Eclipse will receive 1.09 shares in Northern Vertex for each Eclipse share by way of a plan of arrangement under the Business Corporations Act ( British Columbia ).
All outstanding stock options and warrants of Eclipse will be exchanged for stock options or warrants of Northern Vertex on the same basis as the share exchange ratio for the common shares.