You'll never see a price above 3.5c last - Aurelio made sure of that!
He gave 47 million shares at 3.5 cents - AND 48 million warrants - at 5 cents...what do you think these people do every time it goes above that price?
Sell for a profit, and eliminate any chance for YOU to see a significant rise in the SP:
On May 27, 2020, Relevium announced a private placement of 46,894,194 units (“Units”) of the Company at a price of $0.035 per Unit (the “Offering”), resulting in gross proceeds to the Company of $1,642,296.76. Each Unit consists of one common share and one common share purchase warrant (“Warrant”). Each Warrant entitles its holder to acquire one common share of the Company at a strike price of $0.05 for a period of two years from the date of issuance. The Warrants are subject to an acceleration feature if the volume-weighted average price of the common shares trades at or above $0.075 on the TSX Venture Exchange for a period of seven consecutive days starting four months and a day from closing.
The Company paid finder’s fees of $25,584.30 and issued 730,980 broker warrants (“Broker Warrants”). Each Broker Warrant entitles the holder to acquire one common share of the Company at a strike price of $0.05 for a period of one year from the date of issuance.