Cline Mining Corporation T.CMK

Any idea on the Warrants issue anyone?

[bond46]

I have a problem figuring out what the story with the Warrants is. Anyone  any thoughts? They do not seem to have made up their minds what the exercise price for the Warrants will be and at some point in the Prospectus they say that if Marret comes to the point of owning 95% of the stock there will be no exercise price of the Warrants.  Can anyone shed some light on this ###$$%%.

[jsnfernley]

Since the warrants won't trade and only are issuable to those that own shares post and offering, I would say they are a contingent bonus for the patient shareholder--there is no guarantee that they will add any value since they will become a defacto 2-1 split if all are exercised after a Warrant Exercise Event. No further money must be paid, you only have to surrender the Warrant

[shane117]

When does the 4 billion shares get implemented?

[bond46]

I guess, since there will be no set exercise price, a "Warrant Exercise Event" would be something similar to preferred shares that the issuer can call them anytime. I guess that is why they say the Warrants can be exercised at 0.0615 cents or higher. They'll set the price and date to call them, i.e., to exchange them with Warrents Shares. That is why may be they don't want them

[jsnfernley]

A "Warrant Exercise Event" is spelled out in the second full paragraph of page -ii-: The Warrants are not exercisable and will not entitle the holder to receive Common Shares (each, a "Warrant Share") except (i) when the 20-day volume-weighted average trading price of the Common Shares reaches or exceeds $0.0615 per Common Share; or (ii) immediately preceding a transaction that