SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brian Gerbozy who wrote (11)3/19/1997 10:59:00 AM
From: Larry Southam   of 298
 
Brian--If the stock price is not over $1.35 in May, holders would not exercise and the strike (exercise) price would become $1.50 through espiration date in Sept. '97. If stock price not over $1.50 by then, warrants would expire worthless. (Just like an out of the money call.)

Bottom line: if the company has good news this spring and/or summer, the price should rise and money from the warrant exercises would provide funds for further exploration or development work without the need to do another stock offering.

Larry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News