24 October 202322 Mar 2023 18:40
These warrants are brutal all we can do is sit and wait to 24 October 2023 which having just looked back at the first day of dealings RNS is the date when they expire. It was a one for two warrant to be exercised at 9p. If the full 70m warrants get exercised at 9p the it does add £6.3m cash for the company.
Highlights of the Fundraising
· Placing and subscription of 140,949,545 new Common Shares (the "Fundraising Shares") with new and existing investors, and executive management at an Issue Price of 6.25p (C$0.106125) (the "Fundraising Price") per new Common Share (the "Fundraising")
· Investors in the Fundraising to receive one warrant ("Warrant") for every two Fundraising Shares, exercisable at 9p (C$0.15282) per new common share for 24 months from AIM admission