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NEVADA SUNRISE TO REVISE AMENDMENT APPLICATION OF WARRANT TERMS AND GRANTS STOCK OPTIONS
NEVADA SUNRISE TO REVISE AMENDMENT APPLICATION OF WARRANT TERMS AND GRANTS STOCK OPTIONS ...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n \n \n \n NEVADA SUNRISE TO REVISE AMENDMENT APPLICATION OF WARRANT TERMS AND GRANTS STOCK OPTIONS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES/\n \n \n \n \n \n Vancouver, BC\n \n \n ,\n \n \n Nov. 22, 2023\n \n \n /CNW/ - Nevada Sunrise Metals Corporation (\"\n \n Nevada Sunrise\n \n \", or the \"\n \n Company\n \n \") (TSXV: NEV) (OTC: NVSGF) announced today that its pending application to the TSX Venture Exchange (the \"\n \n TSXV\n \n \") to amend the terms of 7,500,000 common share purchase warrants issued on\n \n June 29, 2022\n \n (the \"\n \n 2022\n \n \n Warrants\n \n \") will be revised (see Nevada Sunrise news release dated\n \n \n \n November 10, 2023\n \n \n \n ).\n \n \n \n \n \n \n \n \n \n Nevada Sunrise has learned that its proposal to reduce the exercise price of the 2022 Warrants from\n \n $0.30\n \n to\n \n $0.15\n \n would contravene TSXV policy unless the unanimous consent of the warrantholders is obtained and an acceleration clause is introduced to the exercise provisions of the 2022 Warrants, actions which the Company has deemed impracticable. Therefore, Nevada Sunrise will file an application to reduce the exercise price of the 2022 Warrants from\n \n $0.30\n \n to\n \n $0.205\n \n , which is an exercise price reduction consistent with TSXV policy.\n \n \n The application by the Company to extend the term of the 2022 Warrants to\n \n June 29, 2026\n \n and to reduce their exercise price to\n \n $0.205\n \n is subject to the acceptance of the TSXV.\n \n \n \n \n Grant of Stock Options\n \n \n \n ...