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topicnews · September 16, 2024

New World Solutions changes warrants

New World Solutions changes warrants

TORONTO, ON / ACCESSWIRE / September 16, 2024 / New World Solutions Inc. (CSE:NEWS)(OTC PINK:REGRF)(FSE:RT5) (“New World” or the “Company”) announces that effective September 17, 2024, it intends to amend the terms of its … (the “Amendment”).

TORONTO, ON / ACCESSWIRE / September 16, 2024 / New World Solutions Inc. (CSE:NEWS)(OTC PINK:REGRF)(FSE:RT5) (“New World”) or the
“Company”) announces that it intends to acquire, with effect from September 17, 2024 (the “the change“) the terms of the outstanding warrants to purchase common shares issued on June 12, 2024 (the “Warrants“) by adding an acceleration clause (the “Acceleration control“).

The Warrants are exercisable at a price of $0.05 per common share of the Company (the “Ordinary shares“) until June 12, 2026. Following the amendment, the amended Warrants will be subject to the acceleration provision, which provides that if the volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the “CSE“) is $0.07 or more for ten consecutive trading days, the Company may, upon notice to the holder of the Warrant, accelerate the expiration of one-half of the Warrants held by such holder to the day that is 30 days after the date of such notice.

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