The Conversation (0)
Arianne Phosphate Inc. (TSXV:DAN,FWB:JE9N) announced its intent to extend the term of 4,000,000 common share purchase warrants issued as part of its private placement which closed on April 29, 2011.
As quoted in the press release:
Each of the Warrants, which were part of the units being issued, entitled its holder to purchase one common share of Arianne (“Common Share”) at an exercise price of $1.50 per Common Share expiring on April 29, 2013. In Spring 2013, the exercise price of the Warrants was amended to $1.24 per Common Share and their term extended to September 25, 2013 (see press release of March 20th, 2013, and press release of April 16th, 2013). None of the Warrants were exercised since issuance.
The expiry date of the Warrants is extended to February 1st, 2014 but no other Warrant terms are amended.
Click here to read the Arianne Phosphate Inc. (TSXV:DAN,FWB:JE9N) press release
Click here to see the Arianne Phosphate Inc. (TSXV:DAN,FWB:JE9N) profile.