Power One Resources (TSX-V:PWRO) has provided further details on its plan to reprice 200,000 share purchase warrants to an exercise price of 5.5 cents per share, initially announced on July 12, 2024.
The company clarified that the warrants will face an accelerated expiry if the common shares trade above 6.9 cents for 10 consecutive days on the TSX Venture Exchange.
In such a case, the exercise period will be shortened to 30 days, starting within seven days after the 10th day of premium trading.
This amendment is pending approval from the TSX-V.