OTCPK:GWAXF - Post by User
Comment by
Tim2Agamion Mar 03, 2022 9:49am
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Post# 34478671
RE:RE:RE:Gold above 1900.....
RE:RE:RE:Gold above 1900.....babyofbullion wrote: Any chance of us seeing the equity raise re-priced?
The completion of the Offering remains subject to final TSX-V approval.
The issuance of Units pursuant to each tranche of the Unit Offering (including the pricing of such Units) may be subject to separate review and approval by the TSX-V at the relevant time of such issuance, in accordance with the applicable policies of the TSX-V.
In the event that the Issue Price in respect of any tranche of the Unit Offering is not permitted pursuant to the applicable policies of the TSX-V, the Issue Price of the affected Units shall be adjusted upwards to an amount per Unit equal to the then applicable “Market Price” (as such term is defined in TSX-V Policy 1.1 – Interpretation) (the “Revised Issue Price”), up to a maximum of $0.16 per Unit, and Greenwater shall be obligated to complete such tranche at the Revised Issue Price.
In the case of any such adjustment, the exercise price of the Warrants partially comprising such Units shall also be adjusted upwards, and each such Warrant shall be exercisable to purchase one Common Share at a price equal to 120% of the Revised Issue Price during the balance of the first 12-month period following the receipt of Shareholder Approval and at a price of 130% of the Revised Issue Price during the second 12-month period following the receipt of Shareholder Approval. Greenwater may, but shall be under no obligation to, purchase Units pursuant to the Unit Offering at an issue price that is greater than $0.16.