Media Central reprices warrants, amends expiry
2021-03-15 16:04 ET - News Release
An anonymous director reports
MEDIA CENTRAL AMENDS WARRANTS
Media Central Corp. Inc. intends to amend the term and exercise price of the warrants issued in April and July, 2019
April, 2019, warrants
The company intends to amend 117.5 million warrants issued as part of a private placement which closed on April 2, 2019. Under the current terms, each April warrant can be exercised until 5 p.m. on April 2, 2021, at an exercise price of 10 cents.
The corporation intends to extend the expiry of these April warrants to 5 p.m. on April 2, 2022, or for an additional year, and modify the exercise price of the April warrants to five cents.
July, 2019, warrants
The company intends to amend 40.15 million warrants issued as part of a private placement which closed on July 30, 2019. Under the current terms, each July warrant can be exercised until 5 p.m. on July 30, 2021, at an exercise price of 30 cents.
The corporation intends to extend the expiry of these July warrants to 5 p.m. on July 30, 2022, or for an additional year, and modify the exercise price of the July warrants to five cents.
About Media Central Corp. Inc.
Media Central is an alternative media company situated to acquire and develop high-quality publishing assets starting with the recent acquisition of Vancouver Free Press Corp., the purchase of NOW Communications Inc., and the launch of digital cannabis platform CannCentral and E-sports outlet ECentralSports.
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