Fuse Cobalt 4,028,333 Warrants Amended

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.

Private placement

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&region=C

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Fuse Cobalt Inc. is listed on the TSXV Venture Exchange under the symbol FUSE and in the U.S. on the OTCQB symbol WCTXD.

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