These are all in relation to the recent PP that closed on the 13th.

"Boxxer issued 8,863,000 Units at a price of $0.07 per Unit for aggregate gross proceeds of $620,410. Each Unit consists of one common share in the share capital of Boxxer and one-half of one (1/2) Common Share purchase warrant . Each whole Warrant shall be exercisable into one Common Share at a price of $0.12 until one year from the date of closing."

However, I find it very interesting that the warrants are being executed before the share price moves above the warrant price. A case could be made that they are better off buying at market prices which would save them 25%. Although, to play both sides of the argument, I suppose there is the truth that there is not enough volume at market to satisfy the quantities that traded at .12. In other words, market at .09 or .095 would not stay below .12 for long, and they are still better off executing at .12 due to the volume they were buying.

The real question is... why execute those warrants at all unless the share price goes over .12?

Offhand, there are only two reasons I can think of:

1) The company needs the money, and therefore these insiders have agreed to execute the warrants to increase the injection of dollars.

2) Something positive this way comes, and they are buying before a blackout is imposed? I doubt this is a valid answer, however, due to the fact that if they knew a blackout was coming... they'd already have enough inside information to warrant a blackout.

Therefore, I suspect (1) is the answer. It's because the company requires the dollars.

Hayz