If anyone is still left in this stock, the time to add to our positions is before Oct 23rd.
Sprott may exercise some bonus warrants after fixing a warrant strike price and I expect a lot of NRs will be issued the week of Oct 23rd.
From an earlier NR
"In consideration for the advance of the Facility, the Company has made a bonus payment to the Lender in the amount of 9,000,000 non-transferable share purchase warrants of the Company (each a "Bonus Warrant"). The Bonus Warrants will be exercisable for 30 months and will be exercisable at the price which is the greater of (i) $0.50 and (ii) a 20% premium to the volume weighted average trading price of the Company's common shares on the TSX-V for the five trading day period commencing on the sixth trading day after the Company's common shares are reinstated for trading (the "Exercise Price"). The Bonus Warrants shall be subject to a maximum hold period under applicable securities laws of four months and one day from their date of issue. After reinstatement for trading of the Company's common shares, and in the event that the volume weighted average trading price of the Company's common shares on the TSX-V for a period of 10 consecutive trading days is at a 50% premium to the Exercise Price (the "Warrant Exercise Trigger"), the Company may require the Lender to exercise $5,000,000 worth of the Bonus Warrants (the "Forced Warrant Exercise") within 10 calendar days of the date the Company provides written notice (the "Forced Warrant Exercise Notice") to the Lender, which Forced Warrant Exercise Notice shall be within three business days of the Warrant Exercise Trigger occurring. Furthermore, in consideration for structuring the Facility, the Company has agreed to pay the Lender a $150,000 structuring fee together with the Lender's reasonable legal and other out-of-pocket expenses incurred in connection with the Facility."
