Pacific Bay Warrant Extension Not Proceeding
Pacific Bay Minerals (TSXV: PBM) announced that its previously proposed warrant extension will not proceed. The company had intended to extend the expiry of 7,365,873 warrants issued on July 20, 2022, with an exercise price of $0.10 that expired on July 20, 2025.
The TSX Venture Exchange declined to approve the extension because the market price exceeded the strike price of the warrants at the relevant times.
Pacific Bay Minerals (TSXV: PBM) ha annunciato che l'estensione dei warrant precedentemente proposta non sar脿 effettuata. La societ脿 aveva intenzione di prorogare la scadenza di 7.365.873 warrant emessi il 20 luglio 2022, con un prezzo di esercizio di 0,10 $, in scadenza il 20 luglio 2025.
La TSX Venture Exchange ha rifiutato di approvare l'estensione perch茅 il prezzo di mercato ha superato il prezzo di esercizio dei warrant nei periodi rilevanti.
Pacific Bay Minerals (TSXV: PBM) anunci贸 que la extensi贸n de los warrants previamente propuesta no proceder谩. La compa帽铆a ten铆a la intenci贸n de extender la expiraci贸n de 7,365,873 warrants emitidos el 20 de julio de 2022, con un precio de ejercicio de $0.10, que venc铆an el 20 de julio de 2025.
La Bolsa de Valores TSX Venture rechaz贸 aprobar la extensi贸n porque el precio de mercado super贸 el precio de ejercicio de los warrants en los momentos relevantes.
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Pacific Bay Minerals (TSXV : PBM) a annonc茅 que la prolongation des bons de souscription pr茅c茅demment propos茅e ne sera pas mise en 艙uvre. La soci茅t茅 avait l'intention de prolonger la date d'expiration de 7 365 873 bons 茅mis le 20 juillet 2022, avec un prix d'exercice de 0,10 $, expirant le 20 juillet 2025.
La TSX Venture Exchange a refus茅 d'approuver cette extension car le prix du march茅 d茅passait le prix d'exercice des bons aux moments concern茅s.
Pacific Bay Minerals (TSXV: PBM) gab bekannt, dass die zuvor vorgeschlagene Verl盲ngerung der Warrants nicht durchgef眉hrt wird. Das Unternehmen beabsichtigte, die Laufzeit von 7.365.873 Warrants, die am 20. Juli 2022 mit einem Aus眉bungspreis von 0,10 $ ausgegeben wurden und am 20. Juli 2025 ablaufen, zu verl盲ngern.
Die TSX Venture Exchange lehnte die Genehmigung der Verl盲ngerung ab, da der Marktpreis zu den relevanten Zeitpunkten den Aus眉bungspreis der Warrants 眉berstieg.
- None.
- TSX Venture Exchange rejected the warrant extension request
- 7,365,873 warrants expired without extension
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - Reagan Glazier, President & CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or, the "Company") reports that the proposed extension of warrants announced July 8th, 2025 will not be proceeding. The Company previously announced its intention to extend the expiry of 7,365,873 warrants that were issued July 20, 2022 (the "2022 Warrants") pursuant to a non-brokered private placement financing, which extension was subject to TSX Venture Exchange approval. The 2022 Warrants had an exercise price of
Pacific Bay Minerals Ltd.
Per/
Reagan Glazier, President and CEO
[email protected]
(604) 682-2421
/ /
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
Why did the TSX Venture Exchange reject Pacific Bay Minerals' (PBM) warrant extension?
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