BULLETIN V2024-0242
YERBAE BRANDS CORP. ("YERB.U'')
BULLETIN TYPE: Warrant Price Amendment, Miscellaneous
BULLETIN DATE: January 22, 2024
TSX Venture Tier 2 Company
Pursuant to the Company's press releases dated December 8, 2023, and December 29, 2023, TSX Venture Exchange ("Exchange") has accepted the amendments to an aggregate of 3,234,675 common share purchase warrants ("Warrants") originally issued pursuant to Private Placements completed on February 8, 2023:
Original Exercise Price: $1.50 USD
New Exercise Price: $1.20 USD
The Warrants will be subject to an acceleration provision ("Acceleration Provision") whereby, if for any 10 consecutive trading days following the amendment, the closing price of the Company's common shares ("Shares") exceeds $1.44 USD per Share on the Exchange, the Company may announce by way of press release that the expiry date of the Warrants will be accelerated to 30 days thereafter.
All other terms of the Warrants remain unchanged.
Additionally, pursuant to the warrant incentive program (the "Warrant Incentive Program) announced on December 29, 2023, the Exchange has accepted the Company's issuance of an additional 835,000 Share purchase warrants pursuant to the Warrant Incentive Program ("Incentive Warrants"). Each Incentive Warrant entitles the holder to acquire one additional Share at a price of $1.50 per Share at any time prior to December 14, 2025. The Incentive Warrants are subject to the Acceleration Provision.
The Warrant Incentive Program commenced on December 15, 2023 and expired on January 15, 2024.
For further details, please refer to the Company's news releases dated December 8, 2023, December 29,
2023; and January 19, 2024.
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