I am trying to figure out whether the warrants' future value at the $32 strike and whether it has merrits to hold the K stock for the near future.
Doing reading I found a conflict on the wording of the warrants. I have emailed Marla and hope to hear back. One implies we have 5 years and the other implies we have one day 5 years out.
I found this:
In the Offer to Purchase, under exercise of Kinross Warrants, it states on pg 33:
"Each whole Kinross Warrant....(Toronto time) on the date that is five years following..."
On the inside front cover of the Offer to Purchase it states:
"Each common share ... (subject to adjustment) on or prior to the date that is five years..."