RE:RE:RE:RE:RE:RE:Do the math ???Whats with all the silly talk about the PP.. read the press release boys & girls... its spelt out plain and simple... You pay 50 cents for the PP share, and $1/warrant to excercise each warrant.. capish..? So for 1000 shares in the PP it costs you $500.. to excercise 1000 warrents, its gonna cost you $1000..QUOTE:
"Further to the news release dated April 6, 2021, the Company has completed the second and final tranche (the "Final Tranche") of its non-brokered private placement of units (each, a "Unit") for total gross proceeds of $5,000,000. Through the Final Tranche, the Company issued a total of 3,704,000 units (each a "Unit") of the Company at a price of $0.50 per Unit. Each Unit consists of one common share (a "Common Share"), and one common share purchase warrant (a "Warrant"), each exercisable into one Common Share at an exercise price of $1.00 for a period of three years from the issuance date, subject to acceleration, at the Company's discretion, in the event that the Common Shares trade at a price on the CSE of greater than $1.50 per Common Share for a period of three consecutive trading days. All securities issued in connection with the Final Trance are subject to a four-month-and-one-day hold period under applicable securities laws."