MG Capital/DLP Res. (DLP-V) Acceleration of Warrant Expiry Date
Sept 8, '20 - NR
MG Capital announces that the expiry date (the "Expiry Date") for the warrants issued on November 14, 2019 (the "Warrants"), with regard to its non-brokered private placement (see news releases dated September 26, 2019 and November 15, 2019), has been accelerated to 30 days from today's date (for a new Expiry Date of October 8, 2020). The acceleration of the Expiry Date is due to a Trigger Event (as defined in the Warrant certificates), which occurred due to the price of the common shares being equal to or greater than $0.25 for a period of 20 consecutive trading days, thereby automatically accelerating the Expiry Date of the Warrants. The Trigger event was disclosed in the private placement's news release of September 26, 2019 and in the respective Warrant certificates. The Warrants that are unexercised will expire and be of no further value at 4:30 p.m. PDT on October 8, 2020.
Exercise Price
| Number and Dates of Warrants Issued
| Accelerated Expiry Date
| $0.15
| 4,900,000 issued November 14, 2019
| October 8, 2020
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For further information, please contact:
MG Capital Corporation
Jim Stypula, Chief Executive Officer
Robin Sudo, Chief Financial Officer and Corporate Secretary Telephone: 250-426-7808
Email: jimstypula@dlpresourcesinc.com
Email: robinsudo@dlpresourcesinc.com
Website: dlpresourcesinc.com
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