Peeks Social Ltd. Applies for Warrant Repricing
21 1월 2020 - 7:10AM
Peeks Social Ltd. (the “Company”)
(TSX.V: PEEK) (OTCQB:
PKSLF) reports that at the request of certain debenture
holders, it has applied to the TSX Venture Exchange (the
“Exchange”) for a repricing of warrants that were issued in
conjunction with a $500,000 convertible debenture financing that
closed in December 2018 (the “Offering”).
Under the terms of the Offering, the Company
issued 5,250,000 common share purchase warrants (the “Warrants”).
Each Warrant entitled the holder thereof to acquire one additional
Common Share at a price of $0.15 per Common Share for a period of 2
years. The debentures and Warrants contained a provision that if
the Company subsequently issued common shares at a price of less
than $0.10 per common share, the Company would reduce the
conversion price of the debentures, as well as reduce the exercise
price of the warrants, subject to the approval of the Exchange.
Accordingly, the Company has applied to the
Exchange to amend the exercise price of 5,250,000 warrants from
$0.15 per share to $0.05 per share. In connection with the
reduction in price, the Company will be required to amend the
warrants to include an acceleration feature to the 2 year expiry
date. The Warrants will be amended to state that if, for any ten
(10) consecutive trading days during the unexpired term of the
Warrant, the closing price of the Company’s common shares on the
Exchange exceeds $0.0625, the exercise period of the Warrants will
be reduced to thirty (30) days from the date of notice to the
holder, provided that the notice to the holder must be given within
seven (7) days following the 10th such trading day.
The Company will issue an update in due course
following acceptance or rejection of the Company’s application by
the Exchange.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this Release.
For further information, please contact: |
|
Peeks Social Ltd. |
|
Mark Itwaru |
David Vinokurov |
Chairman & Chief Executive Officer |
Investor Relations |
647-992-7727 |
416-716-9281 |
mark@peeks.com |
davidv@peeks.com |
Peeks Social (TSXV:PEEK)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Peeks Social (TSXV:PEEK)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
Peeks Social Ltd (TSX 벤처 거래소)의 실시간 뉴스: 최근 기사 0
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