Edgewater Wireless Systems (TSE:YFI) has released an update.
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Edgewater Wireless Systems Inc. has announced the TSX Venture Exchange’s approval of the extension of expiry dates for over 17 million share purchase warrants and the proposed issuance of over 357,000 common shares to settle interest payments on its debentures. The warrants, issued in two separate tranches in 2021, now have extended expiry dates in 2025, with each warrant allowing the holder to purchase common shares at $0.23. Additionally, the company plans to fulfill its interest obligations on debentures by issuing common shares instead of cash, subject to exchange approval.
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