Source Exploration Removes Acceleration Clause from Warrant in Private Placement

Resource Investing News

Source Exploration (TSXV:SOP) has announced that it is remove the company’s right to accelerate the expiration date on notice to warrant holders in relations to the private placement it recently announced. The placement is looking to raise $800,000.

Source Exploration (TSXV:SOP) has announced that it is removing the company’s right to accelerate the expiration date on notice to warrant holders in relation to the private placement it recently announced. The placement is looking to raise $800,000.

According to the press release:

The Company has determined that the terms of the Warrants will no longer include a right of the Company to accelerate the expiry date on notice to the Warrant holders if the closing price of its common shares on a stock exchange in Canada is higher than $0.10 per common share for a period of 10 consecutive trading days after four months and one day from the closing date of the Private Placement.

Click here to read the Source Exploration (TSXV:SOP) press release
Click here to see the Source Exploration (TSXV:SOP) profile.

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