RE:RE:RE:RE:RE:RE:warrantsI'll take a moment here to eat some crow. My apologies if I mislead anyone with my ignorance. Previous poster is correct; 20 warrants are necessary to redeem for one share which does impact the returns/breakeven price as @manitokft mentioned. Kinda shady tbh. I feel like I'm too old to be missing this stuff but I guess?!
The Company currently has 268,333,333 listed common share purchase warrants (the “Listed Warrants”) outstanding at an exercise price of $0.16 per Common Share, which are currently traded on the TSXV under the symbol SOIL.WT. The Listed Warrants will continue to be traded on the TSXV under this symbol, and will retain their current CUSIP number, following the Consolidation of the Company's Common Shares. It is important to note that the Listed Warrants are not being consolidated. After giving effect to the Consolidation, the warrants will be adjusted pursuant to the terms thereof such that twenty (20) Listed Warrants will entitle the holder to purchase a whole post-Consolidation Common Share at an adjusted exercise price of $3.20. A total of 13,416,666 Common Shares will be issuable pursuant to such Listed Warrants and the other terms and conditions of the Listed Warrants, including the expiry date of June 4, 2023, remain unchanged.
https://saturnoil.com/invest/news-releases/saturn-oil-gas-inc-announces-ceo-presenting-at-the-international-investment-forum-and-completes-share-consolidation