on First Helium Inc (CVE:HELI)
First Helium Inc. Applies to Reprice Warrants
First Helium Inc., a company operating in Calgary, has announced its intention to amend the terms of 126,839,671 outstanding warrants. The proposed change is a reduction in the exercise price to $0.05 per share. This amendment concerns 66,173,000 April 2024 Warrants and 60,666,671 October 2024 Warrants.
The April 2024 Warrants, initially issued with a price of $0.075, are due to expire by April 4, 2027. Meanwhile, the October 2024 Warrants, which had an exercise price of $0.09, will expire on October 30, 2027. These changes are pending regulatory approval from the TSX Venture Exchange.
It's important to note that no Compensation Warrants, which are issued as remuneration for services, will be subject to this re-pricing. The outcome of this application will be closely watched by stakeholders and investors.
R. E.
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