The TSX Venture Exchange has consented to the amendment of the exercise price of the following warrants.
Private placement
Number of warrants: 10,796,054
Expiry date of warrants: Feb. 13, 2028
Forced exercise provision: If the closing price for the company's shares is $1.20 or greater for a period of 10 consecutive trading days, the exercise period of warrants will be reduced to 30 days.
Original exercise price of warrants: $2.48 (U.S.)
New exercise price of warrants: $1 (Canadian)
These warrants were issued pursuant to a private placement of $51-million (U.S.) principal amount of convertible debentures with 10,796,054 share purchase warrants attached, which was accepted for filing by the exchange effective April 24, 2023.
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