Ceylon Graphite (TSE:CYL) has released an update.
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Ceylon Graphite Corp. is set to modify the terms of over 7 million common share purchase warrants by reducing the exercise price and adding an incentive program. This initiative aims to expedite warrant exercises, with proceeds going towards the company’s graphite projects and general capital needs. The plan is pending TSX Venture Exchange approval and incentivizes early participation with additional warrants.
For further insights into TSE:CYL stock, check out TipRanks’ Stock Analysis page.