written by reader Sandstorm warrants

by xiexgp@gmail.com | March 9, 2013 12:22 pm

TSX: SSL.WT
TSX: SSL.WT.A
TSX: SSL.WT.B
Exercise Price:
=US$3.00
Exercise Price:
=US$5.00
Exercise Price:
=US$14.00
Expire: April 23, 2014
Expire: October 19, 2015
Expire: September 7, 2017

* It takes 5 SSL.WT warrants to convert into 1 Common Share
* It takes 5 SSL.WT.A warrants to convert into 1 Common Share
* SSL.WT.B convert on a 1:1 ratio

I am confused – aren’t the 2014 warrants exercisable at $15.00 per share, 2015 warrants at $25.00 per share and 2017 warrants at $14 per share? How are the 2014 and 2105 roughly equivalent?

Source URL: https://www.stockgumshoe.com/2013/03/microblog-sandstorm-warrants/


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