Regenx Tech Corp (RGXTF)

[teq0904]

It is clear that all 42M warrants will be exercised this year. The authorized share count in the financial statements just means the amount out now, and is not a cap to prevent the new shares issuance when the warrants are exercised. Financial statements show that all the warrants are in the money today, but it is up to the warrant holder to figure when he wants to exercise them, other than the ones with the accelerated expiry clause:

12. Share capital (cont’d)
Warrants
7,000,000 warrants set to expire on February 14, 2017 had their term extended until February 14, 2018.
2,685,000 warrants set to expire on March 6, 2017 had their term extended until March 6, 2018.
A summary of the Company’s outstanding warrants as at September 30, 2017 is as follows:

Number of
Warrants
Outstanding
Number of
Warrants
Exercisable
Exercise
Price Expiry Date
10,541,667 10,541,667 $ 0.26 January 7, 2018
7,000,000 7,000,000 $ 0.15 February 14, 2018
2,435,000 2,435,000 $ 0.10 March 6, 2018
22,300,000 23,300,000 $ 0.10 December 13, 2018
42,276,667 42,276,667 $ 0.15