"Each Warrant will entitle the holder to purchase one additional Common Share at a price of $1.15 per Common Share for a period of 24 months following the closing of the Placement. The Warrants are subject to an accelerated expiry if, following the date that is four months and one day after the date of issuance of the Units and prior to the expiry date of the Warrants, the daily volume weighted average trading price of the Shares exceeds $2.30 for ten consecutive trading days"

Good to see the warrants priced at $1.15.  I take it from this staement they are confident that the price could reach $2.30 and above, within 4months or so?  Is this also a telegraph that they'll list on the lower level nasdaq, whcih requires a $2 price?  Perhaps the RS won't be needed after all.