If the Warrants are exercised during the Reduced Term, the holder of such Warrant will receive for each Warrant exercised, at no additional cost, one common share purchase warrant (the "Sweetener Warrant"), whereby the Sweetener Warrant will have an exercise price of
The Sweetener Warrants will be subject to a four month and one day hold period from their date of issuance. The use of proceeds for any Sweetener Warrant exercised will be used to support the feasibility study and for general working capital.
Holders of Warrants who elect to exercise their existing Warrants at the reduced price and to participate in the Warrant Incentive Program will be required to contact the Company as soon as possible by email at gjang@graphiteoneinc.com to receive their amended and restated Warrant certificate.
Prior to
- a duly completed and executed exercise form, in the form which accompanies the amended and restated Warrant certificate;
- the original certificate representing the Warrants being exercised; and
- the applicable aggregate exercise price (
Cdn$1.00 per Warrant) payable to the Company by way of certified cheque, money order, bank draft, or wire transfer in lawful money ofCanada .
The Warrant Incentive Program is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSXV.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
For more information on
Neither the
This release includes certain statements that may be deemed to be forward-looking statements. Other than statements of historical facts, all statements in this release that address the implementation of the reduced pricing and Warrant Incentive Program, including the anticipated timing thereof and the TSXV's acceptance of the reduced pricing and Warrant Incentive Program are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are no guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the receipt of all necessary regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
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