Post by
Goldenboy1180 on Jun 14, 2021 11:16am
News out ! - THOR Announces Exercice of Warrants
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - Thor Explorations Ltd. (TSXV: THX) ("Thor" or the "Company") announces that Sprott Capital Partners has exercised all of its 1,664,534 broker warrants at $0.18 each. Following the warrant exercise the Company now has 623,070,509 Common Shares on issue. The Common Shares issued pursuant to the exercise of options will be subject to a four month and one day holding period expiring on October 9, 2021.
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I would like to get your comments on this when you can. At your opinion, is it a good or a bad sign when the broker exercise its warrants ? I would tend to say it's a good sign when the investor beleives the company will declare dividendes in a short period of time, but I would it really hard to beleive in Thor' situation.
Thanks in advance for your thoughts.
GLTYA
Goldenboy
Comment by
Tree2tree on Jun 14, 2021 2:06pm
It just means the share price is going up. Nothing to do with dividends, which THX is not likely to pay any time soon. THX is a company that you buy for share price appreciation, not dividends.
Comment by
Goldenboy1180 on Jun 14, 2021 2:13pm
Sounds logical. Thanks. But why would they exercice them and invest now, if it's not to sell them shortly ? Goldenboy