They must be hurting for cash... to do this...Well someone could be running out of funds soon... More dilition on the way...
The Corporation announces that the exercise price of the 6,800,000 warrants issued on May 2, 2022, with expiry date May 2, 2024, be amended and changed from $0.60 to $0.275. In order to respect the TSX Venture Exchange Policies, concurrent with the exercise price amendment, the term of the warrants will also be amended to include an accelerated expiry clause such that the exercise period of the warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the warrants (Premium Trading Days), the closing price of HPQ’s shares exceeds the exercise price of the warrants by 25% or more and the reduced exercise period of 30 days will begin no more than 7 calendar days after the tenth Premium Trading Day.
As of today, none of these warrants has been exercised.
These amendments are subject to TSX Venture Exchange acceptance and regulatory authorities.