Warrants...It's possible that a "no tender" clause existed in the Marathon Gold (MOZ) takeover agreement, which could have prevented the holders from tendering their warrants during the takeover. This might explain why such a significant number of warrants expired despite the share price being favorable.
To get the exact details, it would be best to review the specific terms and conditions outlined in the takeover agreement or the warrant agreement, so I’ve sent an email to Calibre’s Investor Relations for the most accurate information and clarification.
I’ll share any info received.