Tuesday, December 06, 2022 4:33:32 PM
I first became aware of Niocorp and started investing some funds in August of this year and have been following the board closely over the past couple months. I greatly appreciate all the insight shared here from all, but I'm unclear on an element of GXII warrant conversion, but I'm hoping someone can help.
Let's say I have 100 GXII warrants. My understanding is this provides me the right to purchase 1118.292 NIOBF shares (or 100 * 11.18292) @ $1.028 per share, correct?
Assuming a Reverse Split occurs, what impact does this have on the 100 warrants and/or the strike price? Would these warrants be subject to the same split ratio? Would the strike price increase proportionally?
Thanks in advance to anyone that might point me in the right direction!
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