The TSX Venture Exchange has consented to the extension in the expiry date and price reduction of the following warrants.
Warrants: 147,850
Original expiry dates: Nov. 23, 2018, and Dec. 14, 2018
New expiry dates: Nov. 23, 2020, and Dec. 14, 2020
Forced exercise provision: If the closing price for the company's shares is 26.5 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: $1
New exercise price: 21 cents
These warrants were issued pursuant to a private placement of 295,700 shares with 295,700 share purchase warrants attached, which was accepted for filing by the exchange effective Jan. 13, 2017.
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