RE:RE:X's move why IO doesn't hold E3 shares?From 2022 NR.
"As part of the agreement, Imperial has agreed to invest CAD $6.35 million into E3 at a pre-paid price of CAD $1.86/warrant and the issuance of 3,413,979 warrants. Each warrant provides the holder the option to exercise the warrant for one common share of E3. The warrants are immediately exercisable, non-transferrable, expire in 24 months and are non-refundable."
On slide deck under capital structure:
3.6 M outstanding warents, 3.4 of which are prepaid by IO.
So yeah, imperial still hasn't exercised those!
IO has 3.4 M. warrants pre paid at $1.86, good for 1 common share per warrent, they still haven't exercises them... Not even at above 5 bucks...
Why???