The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants.
Number of warrants: 995,364
Expiry date of warrants: May 26, 2024
Forced exercise provision: If the closing price for the company's shares is 37.5 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.
Original exercise price of warrants: 60 cents
New exercise price of warrants: 30 cents
These warrants were issued pursuant to a private placement of 1,533,645 shares with 1,533,645 share purchase warrants attached, which was accepted for filing by the exchange effective June 8, 2021.
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