Correct me if I'm wrong, would this not mean that each full warrant would cost $10.00/common share. I'm not clear on this.

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Each whole warrant entitles the holder to purchase one common share of Noront at an exercise price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront have closed at or above a price of $6.00 for ten consecutive trading days.