RE:Options Strike Price is Coming Up Hi. I believe the total is 8.2m warrants that will be triggered, raising some C$16.4m (though I'm also happy to be corrected). The money will be used to finance the processing and solar plants primarily. But once they're up and running, the company--and its future wells--will be financed by retained earnings. So no dilution and no debt (hopefully), and lots of juicy dividends.
Just to add to the confusion, though: I had an email exchange with the company last week and they said that the warrants could be triggered if the share price remains above $3.50 by end-Monday (i.e. today). I'm assuming it was just a typo though....