Vertical Exploration Receives Conditional Approval for Warrant Extension and Graduation
Vancouver, British Columbia (FSCwire) - Vertical Exploration Inc. (NEX: VERT) (the "Company") announces that it has received conditional approval to extend the exercise period for 16,050,000 of its outstanding share purchase warrants.
The 16,050,000 outstanding warrants are exerciseable at $0.075 per share and are currently due to expire on September 25, 2018. The TSX Venture Exchange has provided its conditional approval for the extension of such expiry date. The extension is conditional upon the Company successfully completing its graduation from NEX to Tier 2 of the TSX Venture Exchange.
In the interim period between September 26, 2018 and the Company's successful graduation from NEX to Tier 2 of the TSX Venture Exchange, the warrants will remain outstanding, but will not be exerciseable. Upon such graduation, the expiry period will automatically extend to September 25, 2019, and the warrants will be exerciseable until such date.
The Company is also pleased to announce that it has received conditional approval of its graduation from NEX to Tier 2 of the TSX Venture Exchange. Graduation is conditional upon the Company completing the private placement financing announced on September 7, 2018.
ON BEHALF OF THE BOARD
"Peter P. Swistak"
Peter P. Swistak, President
For further information, please contact:
Telephone: 604 683 3995
Toll Free: 1 888 945 4770
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.
To view the original release, please click here
Source: Vertical Exploration Inc. (TSX Venture:VERT.H)
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