2020-06-02 15:45 ET – Miscellaneous
The TSX Venture Exchange has consented to the reduction in the exercise price and extension in the expiry date of the following warrants.
Number of warrants: 4,028,333
Original expiry date of warrants: Feb. 4, 2021
New expiry date of warrants: Feb. 4, 2024
Forced exercise provision: If the closing price for the company’s shares is 11.25 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.
Original exercise price of warrants: 15 cents (postconsolidation)
New exercise price of warrants: nine cents
These warrants were issued pursuant to a private placement of 4,166,667 postconsolidation shares with 4,166,667 postconsolidation share purchase warrants attached, which was accepted for filing by the exchange effective Feb. 6, 2019.
Read the bulletin posting: https://www.stockwatch.com/News/Item?bid=Z-C%3aFUSE-2916296&symbol=FUSE®ion=C