Pacific Bay Warrant Extension Not Proceeding
Pacific Bay Minerals (TSXV: PBM) announced that its previously proposed warrant extension will not proceed. The company had intended to extend the expiry of 7,365,873 warrants issued on July 20, 2022, with an exercise price of $0.10 that expired on July 20, 2025.
The TSX Venture Exchange declined to approve the extension because the market price exceeded the strike price of the warrants at the relevant times.
Pacific Bay Minerals (TSXV: PBM) ha annunciato che l'estensione dei warrant precedentemente proposta non sarà effettuata. La società aveva intenzione di prorogare la scadenza di 7.365.873 warrant emessi il 20 luglio 2022, con un prezzo di esercizio di 0,10 $, in scadenza il 20 luglio 2025.
La TSX Venture Exchange ha rifiutato di approvare l'estensione perché il prezzo di mercato ha superato il prezzo di esercizio dei warrant nei periodi rilevanti.
Pacific Bay Minerals (TSXV: PBM) anunció que la extensión de los warrants previamente propuesta no procederá. La compañía tenía la intención de extender la expiración de 7,365,873 warrants emitidos el 20 de julio de 2022, con un precio de ejercicio de $0.10, que vencían el 20 de julio de 2025.
La Bolsa de Valores TSX Venture rechazó aprobar la extensión porque el precio de mercado superó el precio de ejercicio de los warrants en los momentos relevantes.
Pacific Bay Minerals (TSXV: PBM)는 이전에 제안했던 워런트 연장이 진행되지 않을 것이라고 발표했습니다. 회사는 2022년 7월 20일에 발행된 7,365,873개의 워런트 만료일을 2025년 7월 20일에서 연장하려 했으며, 행사가격은 $0.10였습니다.
TSX 벤처 거래소는 시장 가격이 해당 시점에 워런트의 행사가격을 초과했기 때문에 연장 승인을 거부했습니다.
Pacific Bay Minerals (TSXV : PBM) a annoncé que la prolongation des bons de souscription précédemment proposée ne sera pas mise en œuvre. La société avait l'intention de prolonger la date d'expiration de 7 365 873 bons émis le 20 juillet 2022, avec un prix d'exercice de 0,10 $, expirant le 20 juillet 2025.
La TSX Venture Exchange a refusé d'approuver cette extension car le prix du marché dépassait le prix d'exercice des bons aux moments concernés.
Pacific Bay Minerals (TSXV: PBM) gab bekannt, dass die zuvor vorgeschlagene Verlängerung der Warrants nicht durchgeführt wird. Das Unternehmen beabsichtigte, die Laufzeit von 7.365.873 Warrants, die am 20. Juli 2022 mit einem Ausübungspreis von 0,10 $ ausgegeben wurden und am 20. Juli 2025 ablaufen, zu verlängern.
Die TSX Venture Exchange lehnte die Genehmigung der Verlängerung ab, da der Marktpreis zu den relevanten Zeitpunkten den Ausübungspreis der Warrants überstieg.
- None.
- TSX Venture Exchange rejected the warrant extension request
- 7,365,873 warrants expired without extension
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - Reagan Glazier, President & CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or, the "Company") reports that the proposed extension of warrants announced July 8th, 2025 will not be proceeding. The Company previously announced its intention to extend the expiry of 7,365,873 warrants that were issued July 20, 2022 (the "2022 Warrants") pursuant to a non-brokered private placement financing, which extension was subject to TSX Venture Exchange approval. The 2022 Warrants had an exercise price of
Pacific Bay Minerals Ltd.
Per/
Reagan Glazier, President and CEO
reagan@pacificbayminerals.com
(604) 682-2421
pacificbayminerals.com / Twitter / LinkedIn
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261069
FAQ
Why did the TSX Venture Exchange reject Pacific Bay Minerals' (PBM) warrant extension?
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