although to anyone that knows the SCD connection, picking out IPA was a no brainer That's a rather incorrect generalization.
There are quite a few SCD picks which turned out to be anything but no-brainers
IVI is just one of many examples:
IVRnet loan extension, bonus warrants
IVRnet Inc (3) (C:IVI)
Shares Issued 69,974,395
Last Close 6/11/2018 $0.025
Monday June 11 2018 - Miscellaneous
Further to TSX Venture Exchange bulletin dated Aug. 12, 2015, the exchange has accepted for filing documentation pursuant to a loan amending agreement dated Jan. 31, 2018, between the company and R.C. Morris & Company Special Opportunities Fund III LP. Among other adjustments, under the terms of the amending agreement, the maturity date of loan has been extended from Aug. 3, 2020, to Jan. 31, 2021.
In connection with the amending agreement, the company has agreed to issue additional share purchase warrants equal to 3 per cent of the loan balance as at the loan agreement execution date. Accordingly, 1,522,720 additional warrants, for a total of 4,961,167 share purchase warrants, at an exercise price of five cents, will be issued to the lender. Of the warrants, 452,594 warrants will be exercisable into common shares until Jan. 31, 2019, and the remaining warrants will be exercisable until Jan. 31, 2023.
© 2018 Canjex Publishing Ltd.
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