Post by
goldboyz2 on Mar 30, 2022 11:20pm
How many warrents
Are needed to be exercised ?
Thanks
GB
Comment by
forwardflash on Mar 30, 2022 11:50pm
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.
Comment by
forwardflash on Mar 30, 2022 11:55pm
27.6 million minus the 2,891,082 recently exercised.
Comment by
mjh9413 on Mar 31, 2022 1:16am
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.
Comment by
forwardflash on Mar 31, 2022 1:54am
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.
Comment by
Shaawn359 on Apr 01, 2022 3:50am
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.