Vanadium One Iron Corp. VDMRF

RE:RE:RE:RE:Eric

[shawshank2]

EricQC wrote: You are absolutely correct. The debentures are non-convertible. My bad.

Regarding the warrants, the ones issued to the debtholders are exercisable at $0.42/share so if they are exercised, it means the stock will have appreciated by at least 68% from Friday's closing price. So although there will be dilution under this scenario, the market cap appreciation in my opinion will outweigh the negative effects of the dilution.

As long as the project viability can be "sold" to investors and things continue to progress, I believe that the probability that VONE successfully raises more money in the next 18 months is relatively good and they will use part of the proceeds to repay this debenture.

Thanks!