First Helium Inc V.HELI

How many warrents

[goldboyz2]

Are needed to be exercised ?



Thanks 



GB

[forwardflash]

 share structure consists of 65.6 million basic shares outstanding, 6.1 million options and 27.6 million warrants, for a fully-diluted share total of 99.3 million. 

[forwardflash]

27.6 million minus the 2,891,082 recently exercised.  

[mjh9413]

Those 22MM+ of warrants from the conv deb and sub receipts are in hands of Echelon, Cormark and Cana. At least they were priced at 50c when the sp was 25/30c but sure we can expect them to be exercised (along with in-the-money options and other warrants) and so put pressure on sp for weeks ahead. particularly with no drill results in foreseeable future.

[forwardflash]

I think they have one or two more well sites selected on the Worsley for this year and two on the Southern land block in Southern Alberta also for this year. With the income from the oil wells, and excercising of warrants they may speed things up.

[Shaawn359]

I believe the revenue generated by people cashing in on those warrants will be used to build the gas processing plant they have been talking about later this year. It also explains how Ed can do that without further share dilution.