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Early warning report issued today. Shows Fortuna declined

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Sam Dan Member Level  Friday, 10/16/20 06:21:14 PM
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Early warning report issued today. Shows Fortuna declined to exercise warrants of MED. No specific reason was given but doesn't look positive.

"On October 16, 2020, a total of 1,079,700 Warrants held by Fortuna with an exercise price of Cdn$0.40 per Warrant, expired unexercised.
Warrants owned by Fortuna entitling Fortuna to purchase up to 1,079,700 common shares of the Issuer (“Common Shares”) at an exercise price of Cdn$0.40 per Common Share expired on October 16, 2020 (the “Warrant Expiry”). The Warrant Expiry represents a decrease in Fortuna’s holdings of Warrants of the Issuer from 2.36% to 0% of the issued and outstanding Warrants of the Issuer, and a decrease by approximately 8.33% in Fortuna’s holdings of the issued and outstanding shares of the Issuer on a diluted basis, since the date of the last early warning report"



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