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Company to accelerate 3.17M warrants at CAD$0.14 following VWAP milestone trigger.
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Leading Hong Kong-based high conviction investment group with Defence and Cybersecurity investments, Myer Walker Group has approached the Company to informally underwrite and advise on the 15.5 warrants acceleration program and the company’s next phase of growth and imminent name change.
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Total acceleration includes 12.3m warrants at CAD$ 0.18, pending market conditions. If all Warrant exercises are accelerated, the Company will be well-funded for long-term growth.
P2P Group Ltd. is pleased to announce that the Company is electing to accelerate the expiry of outstanding common share purchase warrants (the “Warrants”) issued on November 20, 2024 (the “November 2024 Warrants”), pursuant to the Company’s non-brokered private placement (the “Offering”).
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In parallel to this acceleration, Myer Walker, a global high-conviction investment company founded by the experienced and highly successful Ed Myer and Angus Walker, has approached the Company and agreed to informally underwrite the warrant exercise and advise the Company through the next phases of growth and warrant accelerations, along with enhancing the Company’s market presence and communications imminent name change. These exercises include:
- 3,172,079 warrants at CAD$0.14
Subject to acceleration if the VWAP exceeds CAD$0.20 for 10 consecutive trading days. - 12,386,418 warrants at CAD$0.18
Subject to acceleration if the VWAP exceeds CAD$0.25 for 10 consecutive trading days.
The warrants referenced above were originally issued in private placements to strategic groups, friends, family, and long-term supporters of the Company. Those who do not wish to exercise their warrants may contact the Company to facilitate.
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