Argex Titanium Extends Term of Warrants Issued in 2017
Argex Titanium Extends Term of Warrants Issued in 2017
MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) announces that it has extended by one year the expiry date of common share purchase warrants which it issued by way of private placement in 2017. Specifically, the expiry date of 7,198,300 warrants issued by Argex on February 27, 2017 at a first closing of a private placement has been extended by one year to August 27, 2019 and the expiry date of 982,259 warrants issued by Argex on March 16, 2017 at a second closing of the private placement has been extended by one year to September 16, 2019. The original expiry date of the warrants was 18 months from the date of issuance. All other terms and conditions of the warrants, including the exercise price of $0.12, remain the same.
The extension of the term of the warrants has been approved by the Toronto Stock Exchange. None of the warrants are held by Argex’s “insiders”, within the meaning of the TSX Company Manual.
About Argex Titanium
Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high-quality paint, plastics, cosmetics and other TiO2 applications. The Corporation’s unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable byproducts. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.
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Contact:
Mazen Alnaimi
Chairman and Chief Executive Officer | Argex Titanium Inc.
info@argex.ca
To view the original release, please click here
Source: Argex Titanium Inc. (TSX:RGX, OTC Pink:ARGEF, FWB:ASV)
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