Bridgeport Ventures Inc T.BPV

2014 Warrants: From The Circular

[scissors14]

"Upon the exercise of each Adjusted Warrant, the holder shall receive one Post-Consolidation Bridgeport Share, together with 0.375 0f one Arrangement Warrant, at an exercise price that is equal to the current exercise price of ther warrant which such Adjusted Warrant replaces multiplied by four."

So the valuation of the current 2014 warrants will be based on the value of the common AND the value of the newly issued 2016 warrants as the current 2014 warrant holders are entitled to both upon exercise.

Doesn't this make the current 2014 warrants a superior investment to the upcoming to-be-issued 2016 warrants because their valuation will only be based on the value of the common?

[unlimited_aw]

No it doesn't. Actually it explains a little why they are so expensive. You will need to have 32 warrants, exercize them into 8 shares and put $16 on the table to get 3 tiny 2016 warrants. The shares are currently the best way to ride the Bridgeport train, while in a few weeks the 2016 warrants, might be an interesting instrument.