Business
Canada Silver Cobalt Reprices and Extends Warrants
(TheNewswire) Coquitlam, BC – TheNewswire - August 1, 2023 - Canada Silver C...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt 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 1, 2023 - Canada Silver Cobalt Works Inc.\n(TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the \"Company\" or\n\"Canada Silver Cobalt\")\n \n \n announces that\nit intends to reprice an aggregate of 12,261,327 outstanding common\nshare purchase warrants (“Warrants”) issued in two tranches\npursuant to a private placement that closed on September 1, 2020. The\nWarrants have an exercise price of $0.65 and two expiry dates one\nbeing August 14, 2023 and one being September 1, 2023. The Company\nwill amend the Warrant exercise price to $0.08 per share and extend\nthe Warrant expiry date by two years to August 14, 2025 and September\n1, 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 $0.10, representing the amended\nWarrant exercise price of $0.08 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 (the\n“Warrant Amendment Approval”).\n \n \n \n \n The Company also announces that given the current\nmarket conditions the Company did not proceed with the warrant\nincentive program that was previously announced on November 24, 2022\nand no warrants were exercised.\n \n \n \n \n About Canada Silver Cobalt Works Inc.\n \n \n \n \n Canada Silver Cobalt Works Inc. recently discovered a\nmajor high-grade silver vein system at Castle East located 1.5 km from\nits 100%-owned, past-producing Castle Mine near Gowganda in the\nprolific and world-class silver-cobalt mining district of Northern\nOntario. The Company has completed a 60,000m drill program aimed at\nexpanding the size of the deposit wi...