Granada Gold Reprices and Extends Warrants

About this update from Granada Gold Mine Inc.

[{"type":"text","content":"Granada Gold Reprices and Extends 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 \n \n \n \n \n \n \n \n \n Coquitlam, BC -\n \n \n TheNewswire -\n \n \n August 9, 2023 -\n \n \n Granada Gold Mine Inc.\n \n \n (TSXV:GGM)\n \n \n (the \"\n \n \n Company\n \n \n \" or\n\"\n \n \n Granada Gold\n \n \n \")\n \n \n announces that it intends to\nreprice an aggregate of 9,135,093 outstanding common share purchase\nwarrants (“Warrants”) issued by way of private placements that\nclosed on September 4, 2020 and September 27, 2021.\n \n \n \n \n 3,959,521 of the common share purchase warrants\n(“Warrants”) were issued in two tranches pursuant to a private\nplacement that closed on September 4, 2020. The Warrants have an\nexercise price of $0.28 and two expiry dates one being August 27, 2023\nand one being September 4, 2023. The Company will amend the Warrant\nexercise price to $0.05 per share and extend the Warrant expiry date\nto August 27, 2025 and September 4, 2025.\n \n \n \n \n 5,178,572 of the common share purchase warrants\n(“Warrants”) were issued pursuant to a private placement that\nclosed on September 27, 2021. 3,928,572 of the Warrants have an\nexercise price of $0.20 and an expiry date of September 27, 2023 and\n1,250,000 Warrants have an exercise price of $0.15 and an expiry date\nof September 27, 2024. The Company will amend both Warrant exercise\nprices to $0.05 per share and extend both Warrant expiry dates to\nSeptember 27, 2025.\n \n \n \n \n The Warrants, as amended, will be subject to an\naccelerated expiry provision such that if for any ten consecutive\ntrading days (the “Premium Trading Days”) during the unexpired\nterm of the Warrants, the closing price of the Company’s shares on\nthe TSX Venture Exchange exceeds $0.0625, representing the amended\nWarrant exercise price of $0.05 plus 25%, the exercise period of the\nWarrants will be reduced to 30 days, starting seven days after the\nlast Premium Trading Day. The Company will announce any such\naccelerated expiry date by press release. All other terms of the\nWarrants remain unchanged.\n \n \n \n \n The amendments described above are subject to approval\nby the holders of the Warrants and by the TSX Venture Exchange.\n \n \n \n \n About Granada Gold Mine...

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