they are Warrants which are Options to buy common shares and
the company gets the money if / when they convert
[ dude speak to your broker ]
first set @ $0.25 x 760,000 shares or $190,000 OWC receives
Second set @ $0.40 x 760,000 shares or $304,000 OWC receives
These additional funds in addition to the $300,000
to be received
IF the Warrant holders exercises his options to convert
they usually do if the stock price is above the conversion price and they have 2-3 years to do it
tiny tiny dilution regardless at premium prices vs current prices
Personally I have NEVER seen such favorable conversion terms for the company **NEVER**
- same amazing terms as the MedMar deal
Which is perfect only take the funds that they needs for now
the Creme sales will hopefully fund operations after that in early 2017