- Velox Energy Materials Inc. (TSXV: VLX) plans to extend the expiration date of 13,715,281 warrants to October 14, 2027.
- The exercise price for these warrants will be reduced from $0.144 to $0.086.
- These amendments are pending approval from the TSX Venture Exchange and include the removal of the accelerated expiry clause.
Velox Energy Materials Inc. (TSXV: VLX) has announced plans to amend the terms of its post-consolidation common share purchase warrants. The company intends to extend the expiration date of 13,715,281 warrants, originally issued during a private placement on October 14, 2022, from June 30, 2025, to October 14, 2027.
The proposed amendments include reducing the exercise price of these warrants from $0.144 to $0.086 and removing the accelerated expiry clause. These changes are subject to approval by the TSX Venture Exchange.
All other terms of the warrants will remain unchanged, and new warrant certificates will be issued only upon the request of the holders. Velox Energy Materials, known for its development of the NQV Project in Queensland, Australia, continues to focus on advancing its high-value assets.
