Re: Forced to Exercise?????
posted on
Mar 11, 2008 11:30AM
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)
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.
Yes they aren't forced to exercise, but if you had a piece of paper that was worth $6.40 (current SP) and it only cost $5.00, would you not trade it?
They are forced to exercise, or they lose the option to excercise within 30 Days.
DR