Re: I'm anxiously awaiting the next short interest update...
in response to
by
posted on
Jun 10, 2019 02:33PM
Koo - It is in the first couple of paragraphs of the final prospectus. I would say that the statement at the bottom from RVX in the Closing News Release and the fact that we see them listed and trading would confirm the conditions ("conditionally approved") mentioned in the prospectus have been met.
"Resverlogix Corp. (the “Corporation” or “Resverlogix” or “we” or “our”) is hereby qualifying for distribution a minimum (the “Minimum Offering”) of 3,250,000 units of the Corporation (the “Units”) and a maximum (the “Maximum Offering”) of 5,000,000 Units, at a price of $4.00 per Unit (the “Offering Price”). Each Unit consists of one common share of the Corporation (an “Offered Share”) and one common share purchase warrant of the Corporation (each whole common share purchase warrant, a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one common share of the Corporation (a “Warrant Share”) at an exercise price of $4.60 per Warrant Share, subject to adjustment, at any time until 5:00 p.m. (Mountain time) on the date that is four years after the first Closing Date (as defined herein) of the Offering (as defined herein). The Units will immediately separate into and will be settled as Offered Shares and Warrants upon issuance. The distribution of the Units and the Broker Warrants (as defined herein) qualified by this short form prospectus is referred to herein as the “Offering”. See “Description of Offered Securities”.
The outstanding common shares of Resverlogix (“Common Shares”) are listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “RVX”. On May 13, 2019, the last trading day prior to the date of the announcement of the Offering, the closing price of the Common Shares on the TSX was $4.65. On May 31, 2019, the last trading day prior to the date of this short form prospectus, the closing price of the Common Shares on the TSX was $3.75. The TSX has conditionally approved the listing of the Offered Shares, the Warrants and the Common Shares underlying the Warrants and Broker Warrants on the TSX. Listing is subject to the Corporation fulfilling certain customary listing requirements of the TSX on or before August 14, 2019."
This is from the RVX news release announcing closing.
"The warrants are listed for trading on the Toronto Stock Exchange under the symbol RVX.WT.A."