RE:RE:RE:Horrible communication!only brokers warrants
Pursuant to the closing of the private placement on July 7, 2020, the Company issued the underwriters a total of 907,470 warrants for a period of 1 year (until July 7, 2021) at an exercise price of $0.75. All warrants are exercisable upon issuance as there are no vesting conditions attached. As at July 31, 2020, 907,470 warrants are outstanding and exercisable.
Options
As at July 31, 2020, the Company had the following options outstanding: Number outstanding Exercisable Exercise Price per Share Expiry Date Life remaining 3,150,000 - $0.35 February 18, 2023 2.55 years 50,000 - $0.52 March 13, 2023 2.62 years
Cash on Hand
As of July 2020, they had $12 million in the bank, hopefully they have lots left to bring over with the financing as well