RE: Bergen Warrants20 Oct 2018 08:29
" the Company has agreed that it will issue 5,000,000 warrants with an exercise period of 48 months from the date of issue ( the Warrants ) to the investor entitling the Investor ( or any subsequent holder of the Warrants ) to subscribe for one share per warrant at the exercise price equal to £0.0995." Remember a few weeks ago when BMD was saying that Bergen were trying to offload their shares at 9 pence a share,well it didn't make sense at the time because you could buy them on the open market at 7.5 pence a share,so it now appears that it was these 5 million Warrants that Bergen were offering to sell to interested parties for 9 pence a share being a nearly 10% reduction on the exercise price.