Algernon Pharmaceuticals Inc (AGNPF)

[shell3]

No Accelerating Expiry date on Outstanding Warrants for 6 months

In connection with the Offering, the Company has agreed with the Agent not to deliver any notice to the holders of its outstanding warrants exercisable at $0.12 per share which expire in August 2022 accelerating the expiry date of such warrants, until after the day that is six months following the closing date of the Offering.

The Company has also agreed that, until after the Qualification Date, it will not deliver any notice to the holders of any of its other outstanding common share purchase warrants (including the outstanding warrants issued pursuant to the Company’s previously completed public offering dated November 1, 2019 exercisable at $0.12 per common share) that the Company is accelerating the expiry date of such warrants.

Now almost all November Warrants have already been Exercised anyway in my Opinion and letting the February PP off the hook with being accelerated

Family & Friends bought this private placement too as the November February & now May