RE:RE:RE:RE:Quinton thinks he has another Eskay on his hands !!!!Various options for the exercise of the wts are listed in the NR below:
https://eskaymining.com/news/news-releases/eskay-agrees-to-acquire-19-5-of-garibaldi-resourc-2137/
- The forced exercise option: at C$3.75 and a potential date is 1 August, 2021, but
- The wts are priced at C$2.72, so it would be up to ES to exercise them anytime, as long as the conditions are satisfied (4 month customary hold?) and as long as h's willing to fork over the 2.82/wt for over 4 M wts = some C$11.8M payable to ESK (built-in future financing). This is in addition to tons of relatively cheap options (approx ~C$15M, please verify). In other words, ESK will not be short of cash. Current cash is around $15-20M which would be plenty for their 2021 program.
GH11
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tbnorthstar wrote: waitingstill wrote: I would not be too sure that this is dead money. QH stated in one of his interviews that he thought they will have more to say. I also think they want to get Sprott to exercise his warrants and there is an acceleration clause at $3.75. Drilling begins in 4 months. Let's see what kind of news they can come up with in the mean time.
Lots going on in the background?...doesn't mean anything of substance happens. A couple more news releases this month I would guess, after that, I am not so sure.
Getting Eric's warrants exercised at 3.72 would be great. Can't see that happening until July/August but again, what do I know?