Pacific Bay Warrant Extension Not Proceeding
Rhea-AI Summary
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.
Positive
- None.
Negative
- 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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