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Lite Access 8,355,000 warrants extended

2024-03-25 19:49 ET - Miscellaneous

Further to the TSX Venture Exchange bulletin dated March 29, 2022, the exchange has consented to the extension in the expiry date of the following warrants, as announced on Feb. 29, 2024, and March 25, 2024.

Private placement

Number of warrants to extend:  8,355,000

Original expiry date of warrants:  March 25, 2024

New expiry date of warrants:  March 25, 2025

Exercise price of warrants:  15 cents

New warrant acceleration provision:  The company has added an accelerated clause to the warrants providing that the term of the warrants will be reduced to 30 days in the event the closing price of the common shares on the TSX Venture Exchange is equal to or greater than 19 cents for 10 consecutive trading dates.

These warrants were issued pursuant to a private placement of 8,355,000 common shares, with 8,355,000 share purchase warrants attached, which was accepted for filing by the exchange effective March 29, 2022.

For further details, please refer to the company's news releases dated Feb. 29, 2024, and March 25, 2024.

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