KWESST MICRO SYSTEMS INC. ("KWE.WT")
BULLETIN TYPE: New Listing-Warrants
BULLETIN DATE: August 27, 2021
TSX Venture Tier 2 Company
newswire.ca
Effective at the opening August 31, 2021, the 3,536,057 warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Technology' company.
Corporate Jurisdiction:
| British Columbia
|
|
| Capitalization:
| 3,536,057 warrants, authorized by a warrant
indenture dated April 29, 2021 and a first
supplemental warrant indenture dated August 25,
2021 of which 3,536,057 warrants are issued and
outstanding
|
|
| Transfer Agent:
| TSX Trust Company
| Trading Symbol:
| KWE.WT
| CUSIP Number:
| 501506117
|
The warrants were issued pursuant to the private placement of 3,536,057 units at a price of $1.25 per unit, which closed on April 29, 2021. Each whole warrant entitles the holder to purchase one share at a price of $1.75 per share and will expire at 5:00 p.m. Eastern Time, April 29, 2023. The warrants are subject to the acceleration as described below.
In the event that the volume weight average trading price of the outstanding Common Shares on the TSX Venture Exchange (the "TSXV") is equal to or greater than $3.00 for a period of 10 consecutive trading days at any time after the Closing Date, the Company may, at its option, accelerate the expiry date of the Warrants by giving notice to the holders and concurrently issuing a news release and in such case the Warrants will expire at 4:00 p.m. (Toronto time) on the date which is the earlier of: (i) the 30th day after the date on which such notice is given by the Company; and (ii) the Expiry Date. |
