Effective at the opening on Wednesday, Sept. 30, 2020, 22,222,222 common share purchase warrants of Caldas Gold Corp. will commence trading on TSX Venture Exchange. The company is classified as a "mineral exploration and development" company.
38,835,422 warrants, authorized by a warrant indenture dated July 29, 2020, between the company and Odyssey Trust Company, in its capacity as warrant agent, as modified and supplemented by a first supplemental warrant indenture dated Aug. 26, 2020, of which
22,222,222 warrants are listed and trading
totalling 16,613,200 that were issued pursuant to the private placement of subscription receipts (see below) are subject to a hold period under securities legislation and will not be listed until such time as the hold period expires.
Transfer agent: Odyssey Trust Company
Trading symbol: CGC.WT
Warrants totalling 22,222,222 that were issued pursuant to the company's private placement offering, on a bought deal basis, of special warrants which closed on July 29, 2020, and 16,613,200 warrants were issued pursuant to the company's private placement offering of subscription receipts which closed on Aug. 26, 2020. The 16,613,200 warrants that were issued pursuant to the private placement of subscription receipts are subject to a hold period under securities legislation and will not be listed until such time as the hold period expires. Each warrant entitles the holder to purchase one common share of the company at a price of $2.75 per common share at any time prior to the expiry at 5 p.m. ET on July 29, 2025, subject to acceleration as described herein.
In the event that the closing price of the common shares on the TSX Venture Exchange (or such other exchange on which the common shares may principally trade at such time) is at a price greater than $2.75 (subject to adjustment in accordance with the terms of the warrant indenture) for a period of 20 consecutive trading days after July 29, 2023, the company may accelerate the expiry date of the warrants by giving 30 days of written notice to the holders of warrants and concurrently issuing a press release, and in such case, the warrants will expire on the date that is 30 days from the date notice of such acceleration is provided to the holders of the warrants pursuant to a written notice to holders of warrants and a press release issued by the company.
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