RE:RE:RE:RE:RE:Q1-21 Warrantsst_esteban wrote: I did not trace back all the warrants but in addition to the shares and related warrants from ARCFI in the Jan 28 release it was noted that:
ARCF II acquired 58,837,982 Units [= 29,418,991 warrants ]
ARCF II Mexico acquired 3,338,301 Units [ = 1,669,150 warrants ]
So in addition to the 13 million warrants from ARCFI the other two ARCFs had 31million warrants.
The last time that the warrants were reported (2019 year end report) there were 25millions @ .29 cents due on Jan 2021. since then ARCFI redeemed their 13 million (Dec 2020).
thant means that ARCFII and Mexico prior to Dec 2019 already sold most of their warrants from this tranche and at most have 12 million left. The PR did not mention any other participants in the financing so I assume all 12 million outstanding belong to ARCFII.
The other two ARCFs (ARCF II and ARCF II Mexico) just exercised 54.6M warrants on Feb 01 2021. It looks like they still have ~5M warrants to exercise. Note that Largo has 15M warrants with expiry date = Dec 2022 (strike price = C$1.15)