Business
GRANADA Amends Warrants
(TheNewswire) September 16, 2022 – TheNewswire - Granada Gold Mine Inc...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"GRANADA Amends Warrants\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 16, 2022 –\n \n \n TheNewswire -\n \n \n Granada\nGold Mine Inc.\n \n \n (TSXV:GGM) (the “Company” or\n“Granada”) announces\n \n \n that further to its\nnews release dated August 29, 2022, it is amending the terms of\n9,053,800 share purchase warrants (“Warrants) by reducing the\nexercise price from $0.15 per share to $0.075 per share and extending\nthe term of the warrants by two years so that the Warrants will expire\non September 27, 2024.  The effective date of the Warrant amendment\nwill take place after September 27, 2022.\n \n \n \n \n In accordance with the policies of the TSX Venture\nExchange (“Exchange”), the terms of the Warrants will be further\namended to include an accelerated expiry clause such that the exercise\nperiod of the Warrants will be reduced to 30 days if, for any 10\nconsecutive trading days during the unexpired term of the Warrants,\nthe closing price of the Company’s shares is $0.095 or more. All\nother terms of the Warrants remain the same.\n \n \n \n \n The 9,053,800 Warrants were issued pursuant to a\nnon-brokered private placement that closed on September 27, 2019\nwhereby\n \n \n 9,253,800 units were issued.  Each unit\nconsisted of one common share and one Warrant exercisable at $0.15 per\nshare and expiring on September 27, 2022\n \n \n .\n \n \n \n \n The amendment is subject to the acceptance by the\nExchange and the consent of the holders of the Warrants.\n \n \n \n \n About Granada Gold Mine Inc.\n \n \n \n \n Granada Gold Mine Inc. continues to develop and explore\nits 100% owned Granada Gold Property near Rouyn-Noranda, Quebec which\nis\n \n \n adjacent to the prolific Cadillac Break.\n \n \n The Company owns 14.73 square kilometers of land\nin a combination of mining leases and claims. The company is currently\nundergoing a large drill program with 30,000m out of 120,000m\ncomplete. The drills are currently paused to provide the technical\nteam with the necessary time to evaluate and assimilate existing data.\n \n \n \n \n The Granada Shear Zone and the South Shear Zone\ncontain, based on historical detailed mapping as well as from current\nand historical drilling, up to twenty-two mineralized...