RE:Warrants polo22 wrote: Mr Bailey can they extended ...!!!
TXS Policy for Amending Warrant Terms 3. Amending Warrant Terms
3.1 General
The amendment of Warrant terms may be considered to be the distribution of a new security under Securities Laws and require prospectus and securities registration exemptions. Issuers should consult legal counsel before applying for an amendment to Warrant terms.
Any amendment of Warrant terms is subject to Exchange acceptance. An Issuer can apply to the Exchange to amend the terms of a class of Warrants issued pursuant to a Private Placement if it meets the following conditions:
a)the Warrants are not listed for trading; b) the exercise price of the Warrants is higher than the current Market Price;
c) no Warrants of the class have been exercised within the last six months;
d) the Warrants were not issued to an Agent, broker or finder as compensation for services;
e) at least two weeks remain before the expiry date of the Warrants;
f) and the Issuer has issued a news release disclosing its intent to amend the Warrants, the particulars of the proposed amendments and the fact that the amendments are subject to Exchange acceptance.
[url=chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/viewer.html?pdfurl=https%3A%2F%2Fwww.tsx.com%2Fresource%2Fen%2F1055&pdffilename=policy-4.pdf]TSX Private Placement Policy[/url]