Tuesday, August 09, 2016 9:51:18 AM
The three tranches of SVBL capital raised in May and June 2016 were done by selling one share of stock with an attached 1 warrant per share. The conditions of the warrants were such that:
"Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the Warrant will expire 30 trading days from such fifth consecutive day."
SVBL has closed above US$0.18 for 6 days in a row triggering the warrants. There were 11.36 million warrants from the three tranches and they will be expiring in the next 30 days. If all 11.36 million warrants are exercised at CDN$0.16 in the next 30 days it will mean another CDN$1.82 million (US$1.38 million) for SVBL to have to further their prospects.
Recent SVBL News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/12/2024 08:33:37 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 08/22/2024 08:30:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/13/2024 08:50:33 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/27/2024 09:45:02 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 02/13/2024 09:30:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:46:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:33:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:30:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:25:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:23:50 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/29/2024 10:03:24 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 11/07/2023 08:36:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 08:34:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 08:33:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 08:31:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 08:13:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2023 09:18:13 PM
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