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Post# of 68548
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deal guy

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deal guy

Re: Jabez Advisory post# 49545

Monday, 01/22/2018 4:25:14 PM

Monday, January 22, 2018 4:25:14 PM

Post# of 68548
LRS doesn't own 600m shares today. They have the right to acquire 600m shares (and that number adjusts based on then outstanding shares) under the warrants. They have not exercised any of the warrants to date and will not until the share price exceeds the warrant exercise price.

The three warrant issuances were an inducement for LRS to enter into the JV.
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