Geologix Explorations: Share Price Triggers Warrants’ Forced Exercise Provision

Geologix Explorations Inc. (TSX: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.

Click here to access Geologix’s company profile.