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Hemostemix warrants amended

2021-02-05 20:44 ET - Miscellaneous

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

Private placement

Number of warrants:  9,800,374 (includes 1,361,852 warrants held by insiders)

Expiry date of warrants:  one year from the date of issuance

New expiry date of warrants:  three years from the date of issuance

Original exercise price of warrants:  $1

New exercise price of warrants:  55 cents

Forced exercise provision:  If the closing price for the company's shares is 66 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.

Number of warrants held by the remaining insiders:  3,818,148

Original expiry date of warrants:  one year from the date of issuance

New expiry date of warrants:  three years from the date of issuance

Exercise price of warrants:  $1 (unchanged)

These warrants were issued prior to the company's share consolidation pursuant to a private placement of 267,351,464 shares, with 267,351,464 share purchase warrants attached, which was accepted for filing by the exchange effective March 6, 2020, and March 26, 2020.

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