Emblem Corp EMMBF

Warrants

[Billzare]

if case this gets bought out, what happens with the various warrants ?

[ArthurVandelay]

The terms of the warrants will be honoured by Alefia, except you'll get 0.8377 shares of Alefia for each Emblem warrant excercised.

[Billzare]

That's what I thought thanks for confirming !

[dmacd]

The fine print does clarify the warrants will be converted to Alefia, although the press release was never clear and hence this was an opportunity for insiders mainly to take advantage of the confusion or it might have been a negotiating point with a hold out shareholder. Otherwise it ought to have been clarified in a subsequent press release ... Good on those who knew and bought them. ... You

[ArthurVandelay]

I agree; the press release could have been clearer.  Anyone that poked around sedar a bit would've found the fine print more defnitive, as you mention.