Pathfinder Extends Expiry Date and Amends Price on Share Purchase Warrants
Pathfinder Ventures (TSXV:RV) has announced plans to modify terms of common share purchase warrants issued during its non-brokered private placement from August 31, 2023. Following a 4:1 share consolidation in August 2024, the original 5,000,000 warrants were adjusted to 1,250,000 warrants, currently exercisable at $0.32 per share until February 28, 2025.
The company proposes to extend the warrants' expiry date by 36 months to February 28, 2028, and reduce the exercise price to $0.20 per common share. Of the total warrants, non-insiders hold 973,438 while insiders hold 276,562. Due to TSX Venture Exchange regulations limiting insider warrant amendments to 10%, the company seeks approval to amend 1,098,438 warrants, including all non-insider warrants and 125,000 insider warrants.
Pathfinder Ventures (TSXV:RV) ha annunciato piani per modificare i termini dei warrant di acquisto di azioni ordinarie emessi durante il suo collocamento privato non mediato del 31 agosto 2023. A seguito di una consolidazione delle azioni 4:1 nell'agosto 2024, i 5.000.000 di warrant originali sono stati ridotti a 1.250.000 warrant, attualmente esercitabili a $0,32 per azione fino al 28 febbraio 2025.
L'azienda propone di estendere la data di scadenza dei warrant di 36 mesi fino al 28 febbraio 2028 e ridurre il prezzo di esercizio a $0,20 per azione ordinaria. Del totale dei warrant, i non-insider detengono 973.438 mentre gli insider detengono 276.562. A causa delle normative della Borsa di Toronto Venture che limitano le modifiche ai warrant degli insider al 10%, l'azienda cerca l'approvazione per modificare 1.098.438 warrant, inclusi tutti i warrant non insider e 125.000 warrant insider.
Pathfinder Ventures (TSXV:RV) ha anunciado planes para modificar los términos de los warrants de compra de acciones comunes emitidos durante su colocación privada no mediada del 31 de agosto de 2023. Tras una consolidación de acciones de 4:1 en agosto de 2024, los 5.000.000 de warrants originales se ajustaron a 1.250.000 warrants, actualmente ejercitables a $0,32 por acción hasta el 28 de febrero de 2025.
La compañía propone extender la fecha de vencimiento de los warrants por 36 meses hasta el 28 de febrero de 2028 y reducir el precio de ejercicio a $0,20 por acción común. Del total de warrants, los no-insiders poseen 973.438 mientras que los insiders poseen 276.562. Debido a las regulaciones de la Bolsa de Valores de Toronto Venture que limitan las enmiendas de warrants de insiders al 10%, la empresa busca aprobación para enmendar 1.098.438 warrants, incluidos todos los warrants no insiders y 125.000 warrants insiders.
Pathfinder Ventures (TSXV:RV)는 2023년 8월 31일 비중개 사모 배치에서 발행된 보통주 매입 워런트의 조건을 수정할 계획을 발표했습니다. 2024년 8월에 4:1 주식 통합이 이루어진 후, 원래 5,000,000개의 워런트는 1,250,000개의 워런트로 조정되었으며, 현재 2025년 2월 28일까지 주당 $0.32에 행사할 수 있습니다.
회사는 워런트의 만료일을 36개월 연장하여 2028년 2월 28일까지 하고, 행사 가격을 주당 $0.20로 인하할 것을 제안합니다. 전체 워런트 중 비 내부자는 973,438개를 보유하고 있으며, 내부자는 276,562개를 보유하고 있습니다. 내부자 워런트 수정이 10%로 제한되는 TSX 벤처 거래소 규정으로 인해, 회사는 모든 비 내부자 워런트와 125,000개의 내부자 워런트를 포함하여 1,098,438개의 워런트를 수정할 수 있도록 승인을 요청합니다.
Pathfinder Ventures (TSXV:RV) a annoncé des plans pour modifier les conditions des bons de souscription d'actions ordinaires émis lors de son placement privé non intermédiaire du 31 août 2023. Suite à une consolidation d'actions 4:1 en août 2024, les 5.000.000 de bons originaux ont été ajustés à 1.250.000 bons, actuellement exerçables à 0,32 $ par action jusqu'au 28 février 2025.
La société propose de prolonger la date d'expiration des bons de 36 mois jusqu'au 28 février 2028 et de réduire le prix d'exercice à 0,20 $ par action ordinaire. Sur le total des bons, les non-insiders détiennent 973.438 tandis que les insiders détiennent 276.562. En raison des règlements de la Bourse de Toronto Venture limitant les modifications des bons des insiders à 10 %, la société cherche à obtenir l'approbation pour modifier 1.098.438 bons, y compris tous les bons non-insiders et 125.000 bons insiders.
Pathfinder Ventures (TSXV:RV) hat Pläne angekündigt, die Bedingungen der während seiner nicht vermittelte Privatplatzierung am 31. August 2023 ausgegebenen Kaufwarrants für Stammaktien zu ändern. Nach einer 4:1 Aktienkonsolidierung im August 2024 wurden die ursprünglichen 5.000.000 Warrants auf 1.250.000 Warrants angepasst, die derzeit zu einem Preis von 0,32 $ pro Aktie bis zum 28. Februar 2025 ausgeübt werden können.
Das Unternehmen schlägt vor, das Ablaufdatum der Warrants um 36 Monate bis zum 28. Februar 2028 zu verlängern und den Ausübungspreis auf 0,20 $ pro Stammaktie zu senken. Von den insgesamt Warrants halten Nicht-Investoren 973.438, während Investoren 276.562 halten. Aufgrund der Vorschriften der TSX Venture Exchange, die Änderungen bei Insider-Warrants auf 10 % beschränken, sucht das Unternehmen die Genehmigung zur Änderung von 1.098.438 Warrants, einschließlich aller Nicht-Investoren-Warrants und 125.000 Insider-Warrants.
- Reduction in warrant exercise price from $0.32 to $0.20 makes them more attractive for exercise
- 36-month extension of warrant expiry provides more time for potential exercise
- Warrant modifications could indicate challenges in raising capital at current terms
- Potential dilution if warrants are exercised at the lower price
VANCOUVER, BC / ACCESS Newswire / February 18, 2025 / Pathfinder Ventures Ltd. (TSXV:RV) ("Pathfinder" or the "Company") announces that it intends to amend the terms of the common share purchase warrants (the "Warrants") issued under its non-brokered private placement that closed on August 31, 2023.
A total of 5,000,000 Warrants were originally issued, each exercisable to purchase one common share of the Company at a price of
Non-insiders hold a total of 973,438 Warrants, with insiders holding the balance of 276,562 Warrants. In accordance with the TSX Venture Exchange's (the "Exchange") limit on amending warrants held by insiders to
The proposed amendment of the Warrants remains subject to the approval of the Exchange.
About Pathfinder Ventures
Pathfinder Ventures Inc. is a leading operator of RV Resorts and Manufactured Housing Communities, committed to delivering exceptional hospitality and modern amenities as a core aspect of its portfolio.
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca|| PathfinderCampResorts.com
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information Cautionary Statement
This news release contains forward-looking statement related to Pathfinder's board of directors. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, and refinancing and funding. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on Sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Pathfinder Ventures Inc.
View the original press release on ACCESS Newswire
FAQ
What changes is Pathfinder (TSXV:RV) making to its warrant terms?
How many warrants are affected by Pathfinder's (TSXV:RV) amendment?
What was the impact of Pathfinder's (TSXV:RV) 4:1 share consolidation on the warrants?
When were the original warrants issued by Pathfinder (TSXV:RV)?
