Simba Energy Inc. (TSXV:SMB,FWB:GDA,OTCCBB:SMBZF) reported the Board of Directors intend to re-price 21,161,250 share purchase warrants issued on January 20, 2011, subject to approval.
As quoted in the press release:
The warrants were issued pursuant to a private placement of 42,322,500 units at $0.08 per unit, each unit consisting of one common share and one-half of one share purchase warrant, each whole warrant exercisable into one common share at $0.16 per share until January 20, 2012. Upon acceptance of the TSX Venture Exchange, the new exercise price of the warrants will be $0. 11 with the expiry date remaining at January 20, 2012.
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MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1846.53 | +0.13 | |
| Silver | 21.75 | +0.03 | |
| Copper | 4.30 | +0.02 | |
| Palladium | 1968.65 | +11.53 | |
| Platinum | 957.67 | +3.19 | |
| Oil | 110.35 | -1.86 | |
| Heating Oil | 3.62 | -0.05 | |
| Natural Gas | 8.06 | -0.25 | |