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Big Ridge Gold Announces Early Expiry of Warrants
Toronto, Ontario--(Newsfile Corp. - June 22, 2021) - Big Ridge Gold Corp. (TSXV: BRAU) (" Big ...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Big Ridge Gold Announces Early Expiry of WarrantsToronto, Ontario--(Newsfile Corp. - June 22, 2021) - Big Ridge Gold Corp. (TSXV: BRAU) (\"Big Ridge\" or \"Company\") announced today that the Company has elected to accelerate the expiry date of 22,075,000 common share purchase warrants (the \"Warrants\") issued on July 8, 2020, in connection with a subscription receipt offering completed by the Company under its predecessor name, \"Alto Ventures Ltd.\".While the original expiry date of the Warrants is May 29, 2022, the Warrants provide that the expiry may be accelerated by notice in circumstances where the closing price of the Company's common shares on the TSX Venture Exchange is at or above $0.25 for ten consecutive trading days (the \"Acceleration Trigger\"). The Company confirms that the Acceleration Trigger was satisfied as of market close on June 21, 2021. Accordingly, the Company shall provide notice today to the holders of the Warrants that the expiry date shall be accelerated to 4:30 p.m. (Vancouver time) on July 22, 2021, being the 30th day following the date of such notice (the \"Early Expiry Date\"). Any Warrants remaining unexercised after the Early Expiry Date will be cancelled.As of market close on June 21, 2021, a total of 22,075,000 Warrants of the 22,325,000 Warrants originally issued had yet to be exercised. Each Warrant is exercisable into one Common Share at a price of $0.20 per Common Share. Accordingly, if all the outstanding Warrants are exercised, gross proceeds to the Company will total $4,415,000. Warrant holders who wish to exercise their warrants should contact Jim Kirke, the Company's Chief Financial Officer, by email at [email protected] or by phone at 416-627-1796.About Big Ridge Gold Corp.Big Ridge Gold Corp. is an exploration and development company managed by a disciplined and experienced team of officers and directors. The Company is committed to the development of advanced stage mining projects using industry best practices combined with strong social license from our local communities. Big Ridge owns 100% interest in the highly prospective Oxford Gold Project located in Manitoba, 100% interest in the Destiny Gold Project in Quebec where Clarity Gold Corp. is earning up to a 100% interest and is exploring in the Beardmore-Geraldton gold belt in Ontario. Big Ridge is now the operator of ...