East Asia Minerals reprices 5.59 million warrants
EAST ASIA Minerals Corp. has received approval from the TSX Venture Exchange to amend the exercise price of 5,594,053 outstanding common share purchase warrants of the company issued to Tocqueville Asset Management LP. The warrants were originally issued in 2014 and 2015. The exercise price of the share purchase warrants has been amended from $1 per common share to 50 cents per common share.
In accordance with TSX Venture Exchange Policy 4.1, the warrants will be subject to a reduced exercise term of 30 calendar days if, for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the company’s shares exceeds the trigger price of 60 cents. If a warrantholder does not exercise their warrants which are subject to the exercise period during the term of the exercise period, the warrants will expire at the end of the exercise period.
Scott Chaykin, Terry Filbert, Alan James McMillan, Kim David Morris Oishi
(EAS) Shares: 53,787,612