Tronox Inc. (TROX)

[EH22]

Dear fuller 11,

The warrants expire at 5:00 P.M., New York City Time, on February 14, 2018.


In my opinion, if you still own warrants, you should not attach particular importance to the quoted price, as it is manipulated because of the low volume, and I believe it would be presently hard to sell them for their true worth.

You can either exercise them for shares:
paying $38.71 for each TROXW (Warrant A) for 6.02 shares,
paying $44.01 for each TROXG (Warrant B) for 6.03 shares.

You can also exercise them in a cashless manner, i.e., then you pay nothing and receive less shares according to a formula that depends on the share price. You can combine cashless for part of the warrants and pay the exercise price for the rest.

If you do nothing then the warrants are deemed worthless after expiry date.

This is just my two cents and not an advice.

I myself chose the cashless option, but it depends on your judgment. The best way to do the above is through your broker (be it a bank or some other broker as per your case).
Please read the document that I referred to in my reply to Bembel.

Sincerely,

EH22