08:38:08 EDT Mon 15 Apr 2024
Enter Symbol
or Name

Login ID:
Edison Lithium Corp (2)
Symbol EDDY
Shares Issued 18,553,916
Close 2024-02-13 C$ 0.135
Market Cap C$ 2,504,779
Recent Sedar Documents

Edison Lithium warrants repriced

2024-02-15 18:57 ET - Miscellaneous

The TSX Venture Exchange has consented to the reduction in the exercise of the following warrants.

Private placement

Number of warrants:  21,659,000 (2,707,375 postconsolidation)

Original exercise price of warrants:  18 cents (preconsolidation, as to 19,653,000 warrants); $1.44 (postconsolidation, as to 2,456,625 warrants); 24 cents (preconsolidation, as to 2,006,000 warrants); $1.92 (postconsolidation, as to 250,750 warrants)

New exercise price of warrants:  20 cents

Expiry date of warrants:  May 7, 2025 (unchanged)

Forced exercise provision:  If the closing price for the company's shares is 25 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 calendar days to exercise their warrants from the date of the company's news release announcing the accelerated expiry; otherwise the warrants will expire on the 31st calendar day.

These warrants were issued pursuant to a private placement of 21,884,000 shares with 21,884,000 share purchase warrants attached, which was accepted for filing by the exchange effective May 5, 2021.

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