Puma Exploration warrants amended
2020-08-26 19:40 ET – Miscellaneous
The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants.
Number of warrants (postconsolidation): 638,000
Expiry date of warrants: Dec. 31, 2020
Original exercise price of warrants: $1
New exercise price of warrants: 20 cents
Accelerated expiry provision: If the closing price of the shares is 25 cents or more for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants.
On a postconsolidation basis, these warrants were issued pursuant to a private placement of 1,276,000 shares and 638,000 warrants, which was accepted for filing by the exchange effective Jan. 24, 2019.
The exchange has also consented to the reduction in the exercise price of the following warrants.
Number of warrants (postconsolidation): 4,204,978
Expiry date of warrants: Sept. 27, 2023
Original exercise price of warrants: 50 cents
New exercise price of warrants: 20 cents
On a postconsolidation basis, these warrants were issued pursuant to a private placement of 4,366,450 shares and 4,366,450 warrants, which was accepted for filing by the exchange effective Oct. 1, 2019; 161,472 warrants held by insiders will keep the initial price of 50 cents (postconsolidation).
The exchange has also consented to the reduction in the exercise price of the following warrants.
Number of warrants: 1,342,500
Expiry date of warrants: Dec. 30, 2021
Original exercise price of warrants: 35 cents
New exercise price of warrants: 20 cents
These warrants were issued pursuant to a private placement of 2,685,000 shares and 1,342,500 warrants, which was accepted for filing by the exchange effective Jan. 8, 2020.
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