IDENTILLECT TECHNOLOGIES CORP. ("ID")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: June 30, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the temporary reduction in the exercise price of the following warrants:
Private Placement:
# of Warrants: 11,516,667 warrants
Expiry Date of Warrants: January 25, 2018
Original Exercise Price of Warrants: $0.15
New Exercise Price of Warrants: $0.10 until July 18, 2017. The exercise price returns to $0.15 after July 18, 2017 and remains at $0.15 until expiry.
These warrants were issued pursuant to a private placement of 23,033,334 shares with 11,516,667 share purchase warrants attached, which was accepted for filing by the Exchange effective February 15, 2017.
Private Placement:
# of Warrants: 4,850,000 warrants
Expiry Date of Warrants: November 17, 2017
Original Exercise Price of Warrants: $0.40
New Exercise Price of Warrants: $0.10 until July 18, 2017. The exercise price returns to $0.40 after July 18, 2017 and remains at $0.40 until expiry.
These warrants were issued by the Company as replacement warrants in lieu of warrants received in a private company financing and issued in conjunction with Company's reverse takeover transaction which was accepted for filing by the Exchange effective May 24, 2016.
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