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Commerce Resources Corp (2)
Symbol CCE
Shares Issued 83,013,201
Close 2021-10-01 C$ 0.20
Recent Sedar Documents

Commerce Resources warrant amendment

2021-10-01 16:14 ET - Miscellaneous

The TSX Venture Exchange has consented to the extension in the expiry date and the reduction in the exercise price of the following warrants issued in two tranches.

Private placement:

Number of warrants to extend:  9,028,000

Original expiry date of warrants:  Oct. 11, 2021

New expiry date of warrants:  Oct. 11, 2024

Number of warrants eligible to be repriced 3,124,450*

Original exercise price of warrants:  35 cents until Oct. 11, 2020, 50 cents until Oct. 11, 2021

New exercise price of warrants 28.5 cents until Oct. 11, 2024

Number of warrants to extend:  646,153

Original expiry date of warrants:  Oct. 31, 2021

New expiry date of warrants:  Oct. 31, 2024

Number of warrants eligible to be repriced 646,153*

Original exercise price of warrants:  35 cents until Oct. 31, 2020, 50 cents until Oct. 31, 2021

New exercise price of warrants 28.5 cents until Oct. 31, 2024

* Only 10 per cent of the placement held by insiders is being repriced.

These warrants were issued pursuant to a private placement of 9,674,153 shares with 9,674,153 share purchase warrants attached, which was accepted for filing by the exchange effective Nov. 13, 2019.

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