Day: January 4, 2023
VANCOUVER, British Columbia, Jan. 03, 2023 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) announces its intent to apply to the Toronto Venture Exchange (the “TSXV”) to re-price and extend previously issued warrants.
Terms of the Warrant Re-pricing Application
On a post-consolidation basis (see October 28, 2022 release), the Company has 3,272,719 common share purchase warrants outstanding, from previous private placement financings, with an exercise price of $0.45 (the “$0.45 Warrants”). The Company is applying to amend the $0.45 Warrants such that these warrants will have their useful lives extended to May 2025, and have their exercise price re-priced down to $0.20 per warrant share.
On a post-consolidation basis (see October 28, 2022 release), the Company has 1,382,503 common...