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MicroCoal® Technologies Inc. (CSE:MTI,FWB:OFS.F) announced the amendment to the exercise price of 9,019,250 outstanding common share purchase warrants: from $0.35, they have bee repriced to $0.26.
As quoted in the press release:
… the Company has amended the exercise price of 9,019,250 outstanding common share purchase warrants (the “Warrants”) from $0.35 to $0.26, being the last closing price of the Company’s shares on Canadian Securities Exchange (“CSE”) prior to the date hereof. The Warrants were issued as part of a private placement of units at a price of $0.20 per unit, as announced in the Company’s news release dated December 28, 2012.
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