Post by
Ogopogo007 on Jun 17, 2023 2:00pm
snouts in the trough for 36 months
7% & 36 month warrant? Holy wowsers...that long to hit 60 cents or Clarus had photos of Crooked David with farm animals?
Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.60 per Common Share for a period of 36 months following the date hereof (the “ Closing Date ”). The Offering was led by Clarus Securities Inc., as lead agent, on behalf of a syndicate of agents (collectively, the “ Agents ”)
In connection with the Offering, the Agents received an aggregate cash fee equal to 7.0% of the gross proceeds from the Offering. In addition, the Company issued to the Agents 1,400,000 non-transferable broker warrants (the “ Broker Warrants ”). Each Broker Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to the Offering Price for a period of 36 months following the Closing Date
JMHO