August 15, 2017
The TSX Venture Exchange has consented to the reduction in the exercise
price of the following warrants.
Private placement
Number of warrants:374,730
Expiry date of warrants:Sept. 27, 2017
Forced exercise provision:If the closing price for the
company's shares is 19 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:75 cents
New exercise price of warrants:15 cents
These warrants were issued pursuant to a private placement of 504,300 shares
with 504,300 share purchase warrants attached, which was accepted for filing by
the exchange effective Oct. 25, 2016.
Private placement
Number of warrants:726,000
Expiry date of warrants:Oct. 23, 2017 (first tranche); Oct. 31,
2017 (second tranche)
Forced exercise provision:If
the closing price for the company's shares is 19 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:25 cents
New exercise price of warrants:15 cents
These warrants were issued pursuant to a private placement of 1.2 million
shares, with 1.2 million share purchase warrants attached, which was accepted
for filing by the exchange effective Oct. 24, 2014, and Nov. 4, 2014.
Private placement
Number of warrants:334,228
Expiry date of warrants:Jan. 6, 2018
Forced exercise provision:If the closing price for the
company's shares is 19 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:25 cents
New exercise price of warrants:15 cents
These warrants were issued pursuant to a private placement of 702,226
shares, with 702,226 share purchase warrants attached, which was accepted for
filing by the exchange effective Jan. 6, 2015.
© 2017 Canjex Publishing Ltd.
