- Edison Lithium Corp. (EDDY) has disclosed its intention to extend the expiry date of its share purchase warrants
- The extension involves a total of 21,884,000 common share purchase warrants, which will be extended by 24 months to May 7, 2025
- Also involved are a total of 800,000 common share purchase warrants, which will be extended by 24 months to May 28, 2025
- These common share purchase warrants were issued in connection with private placements which closed on May 7, 2021, and May 28, 2021, respectively
- Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on cobalt, lithium, and other energy metal properties
- Edison Lithium Corp. was down 7.692 per cent, trading at $0.06 at 12:38 PM ET
Edison Lithium Corp. (EDDY) has disclosed its intention to extend the expiry date of its share purchase warrants.
The extension involves a total of 21,884,000 common share purchase warrants, which will be extended by 24 months to May 7, 2025.
Also involved are a total of 800,000 common share purchase warrants, which will be extended by 24 months to May 28, 2025.
These common share purchase warrants were issued in connection with private placements, which closed on May 7, 2021, and May 28, 2021, respectively.
A total of 19,878,000 warrants set to expire on May 7, 2023, entitle the holders to acquire one common share of the company at a price of $0.18 per share;
Similarly, a total of 2,006,000 warrants currently set to expire on May 7, 2023, entitle the holders to acquire one common share of the company at a price of $0.24 per share.
Furthermore, a total of 800,000 warrants currently set to expire on May 28, 2023, entitle the holders to acquire one common share of the company at a price of $0.18 per share.
Insiders of the company hold a total of 700,000 warrants, each exercisable at $0.18 and currently expiring May 7, 2023.
All other terms of the warrants, including the exercise price, are to remain unchanged.
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, and other energy metal properties.
Edison Lithium Corp. was down 7.692 per cent, trading at $0.06 at 12:38 PM ET.
