RE:Our CEO is purchasing sharesthedigger wrote: This is a pretty good news for us. Less than a month ago, our CEO purchased more than a million shares, half of it at $0.30. So, we are definitively on the right track. Good news are surely coming...
seriously, is that how you interpret it???? That's what you get with a NR that requires you to do the match to figure out what the terms were. hilarious.
"Aggregate gross proceeds of $1,340,685.90 were raised through the issuance of 7,448,255 units (each a “Unit”). Each Unit consists of one common shares and one share purchase warrant. Each warrant is exercisable at a price of $0.30 per share until February 23, 2024."
They paid $0.18 for their shares and got a free warrant for $0.30? So anything above 18 cents they can sell and keep the free warrant on spec. Actually, i've never heard of a full warrant...just a half warrant.
tC