iFabric Corp. (TSE:IFA) has released an update.
iFabric Corp. has announced that the Toronto Stock Exchange approved a one-year extension for the exercise period of nearly 3 million outstanding warrants. The extension aims to potentially raise additional capital by improving the chances of the warrants being exercised without incurring the costs associated with new equity offerings. This financial maneuver comes as the company works towards achieving corporate goals that could make the warrant exercise appealing within the next year.
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