HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Re: Forced to Exercise?????
d12,
The way I read this is that the warrants expire 30 days after the sp closes at or above $6 for 10 days. What this means is if they are not exercised (i.e. the shares are purchased in exchange for the warrants and $5/share) then the warrants expire - i.e. they can no longer be used.)
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