GREY:NEVDQ - Post by User
Comment by
BlakeRyan1978on Apr 22, 2024 3:24pm
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Post# 36001907
RE:RE:RE:RE:Nevada Copper Recently attending career fair
RE:RE:RE:RE:Nevada Copper Recently attending career fair• In connection with these loans, the Company issued 280,044,832 common share purchase
warrants to Pala (together with any additional warrants issued to Pala in relation to the Unsecured
Loan, the "Pala Unsecured Loan Warrants") and 95,122,130 common share purchase warrants to
Mercuria (the "Mercuria Unsecured Loan Warrants"). Each warrant entitles the holder thereof to
acquire one common share at an exercise price of Canadian dollar (C$) 0.14 per warrant and the
warrants expire on December 21, 2024 unless the amounts under these loans are repaid at an
earlier time, in which case the warrants will expire on such applicable date. Upon exercise of these
warrants, the exercise price is payable by way of deemed repayment and set-off of outstanding
amounts under the loans. The exchange rate used to calculate the number of warrants will be used
to calculate the amount of debt, in USD, to be extinguished. Accordingly, these warrants are
classified as equity. Exercise of these warrants are subject to the Company obtaining shareholder
Annual financials, Sedarplus