Fintech Select Announces Re-Pricing of Warrants
2020年3月18日 - 6:00AM
Fintech Select Ltd. (“
Fintech Select” or the
“
Company”) (TSX-V: FTEC) is announcing that it has
applied to the TSX Venture Exchange for approval to amend the
exercise price and expiration of certain outstanding warrants (the
“
Warrants”). The Warrants’ exercise price and
expiry date are detailed below. Each of these warrants will be
amended to reflect an exercise price of six (6) cents each. In
accordance with TSX-V policies, the Warrants will also be amended
to include an acceleration clause whereunder the exercise period of
Warrants will be reduced to thirty (30) days, if, for any ten
consecutive trading days during the unexpired term of the Warrants,
the closing price of the Company’s listed shares exceeds the price
of 7.5 cents per share. The Warrants will also be extended to June
30, 2020.
The Company intends to notify all registered
holders of warrants.
Original Exercise Price |
Number Outstanding |
Original Expiry Date |
|
Warrants @ $0.20 |
10,399,997 |
April 13, 2020 |
|
FOR FURTHER INFORMATION PLEASE CONTACT:
Mohammad Abuleil, President & CEO orShelley Alliet @ -
Investor@fintechselect.com 519-3518647
About Fintech Select Ltd.
Fintech Select is a provider of robust and
disruptive Pre-Paid Card programs and mobile banking solutions.
Fintech Select has enabled these core assets, which operate through
separate divisions, to work together harmoniously to create a new
and ubiquitous environment for consumers and businesses alike.
Fintech Select also operates an international call centre that
provides fulfillment and customer service support to customers
across all of the Company’s platforms. Our mission is to
provide customers with choice, convenience and cost-effective ways
to facilitate traditional financial transactions.
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on:https://www.facebook.com/FintechSelecthttps://twitter.com/fintech_select
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Neither 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.
Forward Looking
Information:This news release contains “forward-looking
information” within the meaning of applicable securities laws.
Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
release. Fintech undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of its
securities, financial or operating results (as applicable) or
prospects as to the effective implementation of the warrant
repricing or anything else noted above. Fintech disclaims any
intent or obligation to update publicly any forward-looking
information, whether as a result of new information, future events
or results or otherwise, other than as required by applicable
securities laws.
Fintech Select (TSXV:FTEC)
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