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Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Metals & Mining Industrial Metals & Minerals
Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Sokoman Minerals Corp > ikehedges is not me on CEO
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Comment by AlwaysLong683on May 11, 2022 6:08pm
134 Views
Post# 34675824

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ikehedges is not me on CEO

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ikehedges is not me on CEO
Hedge99 wrote: OK, so what I see in your response Always long is we have 37 mill option/warrants all payable to the company when exorcized (guess at $.30 average) for net proceeds of $11 mill. That should mean that our next program should be funded without issuing more shares. Is my logic sound here? $11 mill should get us a nice program into the spring/summer next year.


SIC would only receive the proceeds from all the options and warrants IF all the holders decided to exercise all of the options and warrants they hold - it is up to the holder of the option or warrant to decide if or when they wish to exercise it.

Since I suspect the vast majority of the outstanding SIC options and warrants are curently "out of the money" (i.e., the exercise price of the option or warrant is higher than the 0.28 SIC close today), holders likely wouldn't even consider exercising their options / warrants until SIC's share price exceeded the strike price, which means that same option or warrant would then be "in the money".

For eample, if SIC's share price rose to say, 0.55, I suspect most options / warrants would then be exercised as you'd get a share currently valued at 0.55 while only paying 0.46 or 0.40 or whatever the exercise price on the option or warrant is.

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