Imagin Medical Receives Approval to Reprice and Extend Term of Warrants

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Apr 09, 2020
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VANCOUVER, BC and BOSTON, MA / ACCESSWIRE / April 9, 2020 / Imagin Medical (CSE:IME)(OTCQB:IMEXF)(Frankfurt:DPD2)(Stuttgart:DPD2) ("Imagin" or the "Company") announces that it has received approval from the Canadian Securities Exchange to extend the term of an aggregate of 17,919,820 outstanding common share purchase warrants (the "Warrants"), issued pursuant to a private placement that closed in two tranches on April 12, 2018 and April 19, 2018. The Warrants had a term of two years and one full Warrant was exercisable to acquire one common share at a price of $0.38 per share. The Company has received approval to extend the term of the Warrants to June 30, 2020 and to reduce the exercise price of the Warrants to $0.05 per share. All other terms of the Warrants shall remain the same.