• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    cobalt investing

    Formation Metals Inc. Proposes to Extend Warrants

    Investing News Network
    Apr. 13, 2011 06:23AM PST
    Battery Metals

    Formation Metals Inc. (TSE:FCO) reports that it has the conditional approval of the TSE to extend the expiry date, from May 2, 2011 to May 2, 2012.

    Formation Metals Inc. (TSX:FCO) reports that it has the conditional approval of the TSE to extend the expiry date, from May 2, 2011 to May 2, 2012.

    The press release is quoted as saying:

    Each Warrant entitles the purchase, at $2.80 per share, of one common share of the Company. No change in the exercise price of the Warrants is proposed. The extension of the Expiry Date of the 29,646 Warrants held by insiders of the Company is subject to shareholder approval. 

    Formation Metal’s CEO, Mari-Ann Green says:

    “In May 2009 we completed a non-brokered private placement with long-term retail shareholders. Along with large institutional shareholders these smaller shareholders are important to us.”  “These shareholders are all too aware that the recent successful closing of the $80 million financing did not happen overnight and we wanted to offer them the opportunity to be warrant holders during the construction stage of development over the next year.”

    Click here to access the entire news release.

    Click here to access Formation Metals’ company profile.

    tsx:fcoprivate placementformation metalcobalt investingformation metalsformation metals inc
    The Conversation (0)

    Go Deeper

    AI Powered
    Fireweed Announces Increase to Previously Announced Offering to $4.9 Million

    Fireweed Announces Increase to Previously Announced Offering to $4.9 Million

    Glencore Executive Matthew Rowlinson Named to PolyMet Board of Directors

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    Electric Royalties

    ELEC:CA

    Fortune Minerals

    FT:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×