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Bullboard - Stock Discussion Forum Zone Resources Inc. V.ZNR

TSXV:ZNR - Post Discussion

Zone Resources Inc. > Today is the 10th consecutive
View:
Post by SUCYN on Feb 14, 2012 9:43am

Today is the 10th consecutive

day of trading at 0.125 or higher...which means the 6.6 million 0.10 warrants will be fast tracked...


The amended terms will allow the holders of the warrants to exercise them at an amended price of
.10 until November 17th 2013. In the event that the common shares of the Company are traded on the TSX Venture Exchange at a price of
.125 or more for ten consecutive trading days, (the "Premium Trading Days") the warrants will expire on the earlier of November 17th 2013 and 4:30 p.m. (Pacific Time) on the date which is 30 calendar days after Premium Trading Days has occurred; otherwise the warrants will expire on the 31st day. The 30 day period will commence seven calendar days after the tenth Premium Trading Day.

Comment by SUCYN on Feb 14, 2012 4:18pm
We did it, now watch for 37 days of volatility as warrant holder start to flip...Recent Trades - Last 10 of 37 Time ET Ex Price Change Volume Buyer Seller Markers 15:59:13 V 0.13 10,000 54 Global 1 Anonymous K 15:56:19 V 0.13 ...more  
Comment by SUCYN on Feb 14, 2012 4:30pm
I would expect Charles to put out a PR to inform all share holders... SUCYN
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