GREY:NEVDQ - Post by User
Comment by
yanncivilison Oct 13, 2021 2:28pm
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Post# 34002115
RE:RE:RE:RE:Wonder who >>>
RE:RE:RE:RE:Wonder who >>>FYI, press release.
Fifteen million common share warrants shall be issued to Pala, exercisable until the maturity of the Amended Credit Facility, at an exercise price equal to the lower of a 25% premium to the 5-day volume weighted average price of the shares of the Company immediately prior to the closing of the Amended Credit Facility, or a 25% premium to the 5-day volume weighted average price of the shares of the Company immediately following the announcement of the offering price o any equity financing the Company may pursue prior to the closing of the Amended Credit Facility.
Then, they talk about potential other equity for which they have the right to equitize up to $35m. This can be the same or other equity. It doesn't say.
Whay I'm refering to is the part in bold above. They clearly say there is a possiblite for an equity before the amendment is closed so that is in 3 weeks. Again not saying it will or will not. But very suspect to talk about it