The Conversation (0)
Geologix Explorations Inc. (TSE:GIX) reports a 30-day forced exercise provision due to its daily volume weighted average share price has been greater than $0.50 for 20 consecutive trading days.
The press release is quoted as saying:
In order to exercise the Warrants, please deliver the warrant certificate (the “Warrant Certificate”) representing the Warrants to be exercised, a duly completed and executed exercise form in the form attached to the Warrant Certificate and a certified cheque, bank draft or money order in lawful money of Canada, payable to or to the order of Geologix Explorations Inc. in an amount equal to $0.30 multiplied by the number of common shares subscribed for, to the offices of Computershare Trust Company of Canada at 200-510 Burrard Street, Vancouver, British Columbia, V6C 3B9 or 11th Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1.
Click here to access the entire press release.