The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.
Private placement
Number of warrants: 8,833,074
Original expiry date of warrants: May 3, 2023
New expiry date of warrants: May 3, 2024
Exercise price of warrants: 30 cents
Acceleration exercise provision: If the volume weighted average trading price of the company's shares is at least 40 cents for a minimum of 10 consecutive trading days (whether or not trading occurs on all such days), the company may, in its sole discretion, issue a news release announcing that the exercise period has been reduced to 30 days following the date of the issuance of such news release.
These warrants were issued pursuant to a private placement of 17,991,149 shares with 8,995,574 share purchase warrants attached, which was accepted for filing by the exchange effective April 29, 2021.
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