Edison Lithium Proceeds With Warrant Repricing
Edison Lithium Proceeds With Warrant Repricing
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2024) - Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that it is proceeding with the proposed warrant amendments initially announced on September 6, 2023. The Company had previously announced the cancellation of the proposed warrant amendments on January 2, 2024, but after further consideration and additional consultation with the TSX Venture Exchange ("TSX-V"), the Company will proceed to amend the exercise terms of an aggregate 3,926,125 common share purchase warrants out of a possible 4,048,000 warrants issued pursuant to private placements that closed on February 26, 2021, May 7, 2021 and May 28, 2021, subject to TSX-V final approval.
不列颠哥伦比亚省温哥华--(Newsfile Corp.-2024 年 2 月 12 日)- 爱迪生锂业公司 (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) (”爱迪生“或者”公司“)很高兴地宣布,它正在继续执行最初于2023年9月6日宣布的拟议认股权证修正案。该公司此前曾于2024年1月2日宣布取消拟议的认股权证修正案,但经过进一步考虑并与多伦多证券交易所风险交易所进行了进一步磋商(”TSX-V“),公司将着手修改根据2021年2月26日、2021年5月7日和2021年5月28日截止的私募认股权证可能发行的4,048,000份认股权证中总共3,926,125份普通股购买权证的行使条款,但须经多伦多证券交易所最终批准。
In particular, the exercise price of these 3,926,125 warrants was re-priced to $0.20 from effective exercise prices ranging from $0.96 to $1.44 resulting from an 8 for 1 common share consolidation that completed on August 1, 2023. These warrants, as amended, are subject to an accelerated expiry provision such that if for any ten consecutive trading days (the "Premium Trading Days") during the unexpired term of the warrants, the closing price of the Company's shares on the TSX-V exceeds $0.25, representing the amended warrant exercise price of $0.20 plus 25%, the exercise period of the warrants will be reduced to 30 days, starting seven days after the last Premium Trading Day. The Company will announce any such accelerated expiry date by news release. Of these 3,926,125 re-priced warrants, 1,118,750 warrants expire on February 26, 2025, 2,707,375 warrants expire on May 7, 2025 and 100,000 warrants expire on May 28, 2025. All other terms remain unchanged.
特别是,由于2023年8月1日完成的8比1普通股合并,这3,926,125份认股权证的行使价格从0.96美元到1.44美元不等,重新定价为0.20美元。经修订的这些认股权证受加速到期条款的约束,因此,如果连续十个交易日(”高级交易日“)在认股权证的未到期期限内,公司在多伦多证券交易所股票的收盘价超过0.25美元,相当于修订后的认股权证行使价为0.20美元加上25%,认股权证的行使期将缩短至30天,从最后一个溢价交易日之后的七天开始。公司将在新闻稿中宣布任何此类加速到期日。在这3,926,125份重新定价的认股权证中,有1,118,750份认股权证于2025年2月26日到期,2,707,375份认股权证于2025年5月7日到期,10万份认股权证于2025年5月28日到期。所有其他条款保持不变。
About Edison Lithium Corp.
关于爱迪生锂业公司
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, alkali and other energy metal properties. The Company's acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.
Edison Lithium Corp. 是一家总部位于加拿大的初级矿业勘探公司,专注于钴、锂、碱和其他能源金属属性的采购、勘探和开发。该公司的收购战略基于在已证实的地质潜力地区收购负担得起、具有成本效益且备受推崇的矿产。爱迪生正在建立能够为电池行业提供关键材料的优质资产组合,并打算利用对电池金属领域的新兴趣,让股东从中受益。
On behalf of the Board of Directors:
代表董事会:
"Nathan Rotstein"
“内森·罗特斯坦”
Nathan Rotstein
Chief Executive Officer and Director
For more information please contact:
内森·罗特斯坦
首席执行官兼董事
欲了解更多信息,请联系:
Tel: 416-526-3217
Email: info@edisonlithium.com
Website:
电话:416-526-3217
电子邮件:info@edisonlithium.com
网站:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Forward-Looking Disclaimer: This news release contains certain forward-looking statements. Statements that are not historical facts, including statements about Edison's beliefs and expectations, are forward- looking statements. Forward-Looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "will be", "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue,", "proposes", "contemplates", "is/are likely to" or other similar expressions. All information provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law. Forward-Looking statements in this press release relate to, among other things: completion of the proposed the proposed warrant amendments. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: receipt of TSX-V approval of the warrant amendments. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
前瞻性免责声明: 本新闻稿包含某些前瞻性陈述。非历史事实的陈述,包括有关爱迪生信念和期望的陈述,都是前瞻性陈述。前瞻性陈述涉及固有的风险和不确定性,许多因素可能导致实际结果与任何前瞻性陈述中包含的结果存在重大差异。在某些情况下,前瞻性陈述可以通过诸如 “可能”、“将”、“将是”、“期望”、“预期”、“目标”、“估计”、“打算”、“计划”、“相信”、“潜在”、“继续”、“提议”、“考虑”、“是/很可能” 等词语或短语来识别。本新闻稿中提供的所有信息均截至本新闻发布之日,除非适用法律要求,否则公司没有义务更新此类信息。除其他外,本新闻稿中的前瞻性陈述涉及:拟议的认股权证修正案的完成。无法保证此类陈述会被证明是准确的,实际结果和未来事件可能与此类陈述中的预期存在重大差异。前瞻性陈述反映了管理层在陈述发表之日的信念、观点和预测,基于许多假设和估计,尽管各方认为这些假设和估计是合理的,但本质上会受到重大的业务、经济、竞争、政治和社会不确定性和突发事件的影响。许多因素,包括已知和未知的因素,都可能导致实际结果、业绩或成就与此类前瞻性陈述中或可能明示或暗示的结果、业绩或成就存在重大差异,并且各方已根据其中许多因素或与之相关的假设和估计。这些因素包括但不限于:获得多伦多证券交易所对认股权证修正案的批准。读者不应过分依赖本新闻稿中有关这些时代的前瞻性陈述和信息。除非法律要求,否则除非法律要求,否则公司不承担任何义务在信念、观点、预测或其他因素的前瞻性陈述发生变化时对其进行更新。