BULLETIN V2024-0892
LITE ACCESS TECHNOLOGIES INC. ("LTE")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 25, 2024
TSX Venture Tier 1 Company
Further to TSX Venture Exchange (the "Exchange") bulletin dated March 29, 2022, the Exchange has consented to the extension in the expiry date of the following warrants, as announced on February 29, 2024 and March 25, 2024:
Private Placement:
# of Warrants to extend: 8,355,000
Original Expiry Date of Warrants: March 25, 2024
New Expiry Date of Warrants: March 25, 2025
Exercise Price of Warrants: $0.15
New Warrant Acceleration Provision: The Company has added an accelerated clause to the warrants providing that the term of the warrants will be reduced to 30 days in the event the closing price of the Common Shares on the TSX Venture Exchange is equal to or greater than $0.19 for ten consecutive trading dates.
These warrants were issued pursuant to a private placement of 8,355,000 common shares, with 8,355,000 share purchase warrants attached, which was accepted for filing by the Exchange effective March 29, 2022.
For further details, please refer to the Company's news releases dated February 29, 2024 and March 25, 2024.
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