I don't think it has anything to do with it. Maybe when the company said Sept 3rd closing, that was the day they sent all the documents to TSX. so 2-3 business days should end today.

If TSX was gonig to have a problem with warrants in the money then the Stock price would have been driven down / held down below .40 cents by PP buyers. It wouldn't take a lot of shares to do it either.