Re: RVX.WT
in response to
by
posted on
Jan 09, 2021 01:31AM
I have added notes below for where the numbers in the financial statements came from for as much as I can find. I have found it all for each line except Line 2 which I am still missing about $2.5 million but got tired of looking and the missing numbers don’t affect the WT or WT.A warrants. You can see in my note for Line 5 that all of the WT.A warrants are accounted for there. In my note for Line 3, I think that all that are trading as RVX.WT is the 2.55 million shares from the June/17 Public Offering. That set the $2.05 exercise price and June/21 expiry. See the note below which I copied from the Canadian Warrants site that Koo got his information. Just scroll down further. It only states that they will list up to 5,555,555 warrants not that they listed that whole number. 5.5 million includes what HL and EC received also with only 2.55 million issued from the public offering. I have my doubts here and elsewhere in the table that HL or EC have put their warrants up for trading. In iTrade, they list only 2.55 million RVX.WT warrants trading. They list the whole 3.8 million RVX.WT.A warrants as trading. Canadian Warrants has a notice like below for the WT.A warrants that RVX might list up to 5 million warrants but again does not say that many were listed. They then put in the info. that KOO got that 5 million were trading. I don’t think one wants to trust those numbers they put there. That number was quite convenient and I have no idea where the 8.1 million trading for WT came from. I can find no justification for that. Only the 2.55 million fits the criteria.
“The Toronto Stock Exchange reports that Resverlogix Corp. will list up to 5,555,556 additional warrants at the open on June 20, 2017, under the symbol RVX.WT. As stated in the company's June 13, 2017, prospectus supplement to its Oct. 1, 2016, short form base shelf prospectus, Resverlogix will issue up to 5,555,556 units at $1.80 per unit in a public offering, each unit consisting of one share and one warrant exercisable at $2.05 per share. According to the TSX, the warrants will expire at 5 p.m. Calgary time on the date that is four years following the closing of the offering.”
From latest Financial Statements.
The following table summarizes information about liability-classified warrants outstanding and exercisable at October 31, 2020.
Number Outstanding Weighted Average
Exercise Price (CAD) and Exercisable Remaining Life (years)
$0.74 - $0.74 600,000 4.17
$1.00 - $1.75 14,658,847 0.98
$2.05 - $2.67 6,103,702 0.88
$3.00 - $3.21 11,077,927 1.04
$4.60 - $4.60 3,798,936 2.60
Added by RVXOT
Line 1 - ORI, Expire Dec. 31/24, Ex $0.74
Line 2 - HL 5.0 million (Dec/21 Ex $1.64); HL 1.8 million (Aug/21 Ex $1.00); 3rd Eye 3.5 million (May/21 Ex $1.40); PP 1.7million (Sept/21 Ex $1.50).
Line 3 - HL & EC 2.95 million, 2.55mm Public Offering (June/21 Ex $2.05 RVX.WT) and ORI 0.6 million (Dec.31/23 Ex $2.54).
Line 4 - HL 3.6 million (April 22 Ex $3.21), PP 5.2mm (Aug/21 Ex $3.00) and PP 2.3 million (Nov/21Ex $3.10).
Line 5 - 3.8 million Public Offering (June 7/23). Trading as WT.A.