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Bullboard - Stock Discussion Forum Alexandria Minerals Corp ALXDF

Metals & Mining Industrial Metals & Minerals
Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over... see more

GREY:ALXDF - Post Discussion

Alexandria Minerals Corp > 9 cent warrents
View:
Post by ASHRAM on Jul 25, 2018 4:08pm

9 cent warrents

what will happen to 9 cents warrents in case of 10 0r 12 cents takeover offer.
Comment by Schmoby on Jul 25, 2018 4:43pm
The SP would have to be at or above .09 and within the expiry time frame (24 months from the close of the financing around April 2017), I assume you are referring to the ES 33m warrants. I think at this stage though it's probably not very realistic but 9 months is a long time to go, that's also about a 100% premium from where we are right now. The only other scenario I could see on a long ...more  
Comment by ASHRAM on Jul 25, 2018 7:38pm
thanks schmoby and mystique for explain the warrents.good luck.
Comment by mystique1 on Jul 25, 2018 5:06pm
Ash.......in the situation you describe, the merger or takeover proposal should have some terms of reference regarding handling of outstanding options and warrants.  Generally, the warrant holder should exercise his warrants (if they are in the money) prior to the specified  record date of the merger/takeover. If not exercised, there may be conditions in the merger/takeover agreement to ...more  
Alexandria Minerals Corp
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