Post by
Boolish on Aug 23, 2010 2:21pm
News
Centric Energy accelerates warrant expiry to Sept. 14
2010-08-23 14:15 ET - News Release
Shares issued 73,468,103
CTE Close 2010-08-20 C$ 0.195
Mr. Alec Robinson reports
CENTRIC ENERGY ANNOUNCES WARRANT EXPIRY ACCELERATION
Centric Energy Corp. ("Centric Energy" or "the Company") (TSX VENTURE: CTE) announces that the warrant expiry acceleration clause contained in the common share purchase warrants (the "Warrants") issued by the Company on March 5th and March 22nd, 2010 has been triggered following a period of 10 consecutive trading days in which the closing market price of the Company's common shares on the TSX Venture Exchange was equal to or greater than
.20 per share.
The Company has elected to accelerate the expiry of the Warrants in accordance with the terms of the Warrants. The expiry date will now be September 14th, 2010. This news release constitutes the required notice of the acceleration of the expiry date of the Warrants to the holders of the Warrants.
The Warrants may be exercised at any time before 4:00 p.m. (Vancouver time) on September 14th, 2010, by delivering the warrant certificate with a duly completed exercise form and a certified cheque, bank draft or money order payable to "Centric Energy Corp." in an amount equal to the purchase price for the number of shares being purchased, to Computershare Trust Company of Canada at 510 Burrard Street, 2nd Floor, Vancouver, British Columbia, V6C 3B9.
Comment by
stranger2 on Aug 23, 2010 2:54pm
Get ready for up to 18.75 million shares purchased with warrants @ .12...
Comment by
Ahsan on Aug 23, 2010 2:57pm
lets see where the stock goes. will there will be a lot of sellers because all these warrants are in the money now. or will ppl buy because the company got money.
Comment by
chag25 on Aug 23, 2010 3:24pm
Yes and they accelerated the warrants to have cash to deal with tullow..Excellent news..