Warrants outstanding.
posted on
May 12, 2008 04:30PM
Looks like combined these will bring in about $5 million.... next mission.... get the share price up. LOL
As at January 31, 2008, the following warrants were outstanding:
Expiry Exercise Warrants Fair
Date Price ($) Outstanding Value ($)
November 6, 2009 1.00 2,333,500 1,127,081
(e) Broker Compensation Warrants
A summary of changes in broker compensation warrants is as follows:
Weighted
Number of Average
Compensation Exercise
Warrants Price
Balance, April 30, 2007 66,666 $ 0.45
Granted (Note 5(b)) 200,000 0.69
Expired (66,666) 0.45
Balance, January 31, 2008 200,000 $ 0.69
These will bring in another 2 million ... This PP was done after the Jan Financial:
PROBE MINES CLOSES $2,000,000 NON-BROKERED PRIVATE PLACEMENT WITH THE MINERALFIELDS GROUP TO EXPLORE MCFAULD'S LAKE PROJECT
Probe Mines Ltd. has closed a non-brokered private placement financing with the MineralFields Group as announced in Stockwatch on Feb. 5, 2008. The private placement consisted of the sale of 2,666,666 flow-through units at 75 cents per unit for gross proceeds of $2-million. Each unit consisted of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share for $1.50 until Feb. 7, 2010, provided, however, that should Probe's shares close on the TSX Venture Exchange for a period of 20 consecutive trading days at a price of $2.00 per share or higher during the exercise period, Probe may accelerate the expiry time to 30 calendar days from the date express written notice is provided by Probe to the holder by way of registered mail.