Lightning Ventures Inc. (CNSX:HMK) announced a private placement of up to 28,975,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 579,500 on June 27, 2017. Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one share at an exercise price of CAD 0.05 for a period of 12 months from the date of issuance subject to accelerated expiry. In the event that the closing price of the company’s shares is at or above CAD 0.075 per share for ten consecutive days, the company may provide notice to the holders of the warrants that the expiry date of the warrants has been accelerated and that warrants not exercised within 30 days of the date of the acceleration notice will expire 30 days from the date of the acceleration notice. All securities issued are subject to a four-month and one-day hold period expiring on October 28, 2017. On June 8, 2018, the company extended the expiry date on warrants. The warrants affected are the 14,487,500 non-transferable share purchase warrants issued on June 27, 2017 at an exercisable price of CAD 0.05 and an expiry of June 27, 2018. The new expiry date is December 27, 2019.