Business
CANADA SILVER COBALT Reprices and Extends Warrants and Announces Warrant Exercise Incentive Program
(TheNewswire) Coquitlam, BC – TheNewswire - September 19, 2022 - ...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"CANADA SILVER COBALT Reprices and Extends Warrants and Announces Warrant Exercise Incentive Program\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 Coquitlam, BC –\n \n \n TheNewswire -\n \n \n September\n19, 2022 -\n \n \n Canada Silver\nCobalt Works Inc.\n \n \n (TSXV:CCW) (OTC:CCWOF)\n(Frankfurt:4T9B) (the \"Company\" or \"Canada Silver\nCobalt\")\n \n \n announces that it intends to\nreprice an aggregate of 3,997,333 outstanding common share purchase\nwarrants (“Warrants”) issued pursuant to a private placement that\nclosed on November 25, 2020. The Warrants have an exercise price of\n$0.80 and an expiry date of November 27, 2022. The Company will amend\nthe Warrant exercise price to $0.1125 per share and extend the Warrant\nexpiry date by two years to November 27, 2024.\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 $0.14, representing the amended\nWarrant exercise price of $0.1125 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 Warrant Exercise\nIncentive Program\n \n \n \n \n The Company also announces that if it obtains Warrant\nAmendment Approval, the Company will institute a warrant exercise\nincentive program (the “Incentive Program”) designed to encourage\nthe early exercise of the 3,997,333 Warrants. Under the Incentive\nProgram, the Company will offer an inducement to each Warrant holder\nthat exercises its Warrants during a period of 30 days from receipt of\nWarrant Amendment Approval, by the issuance of one additional common\nshare purchase warrant (an “Incentive Warrant”) for each Warrant\nexercised during the 30-day period. Each Incentive Warrant wi...