tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Intrepid Metals Wins TSX-V Approval to Extend Expiry of 19 Million Warrants

Story Highlights
  • Intrepid Metals secured TSX-V approval to extend 19 million warrants by 90 days.
  • The warrant extension, largely affecting related parties, preserves investor optionality and potential capital inflows.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Intrepid Metals Wins TSX-V Approval to Extend Expiry of 19 Million Warrants

Claim 50% Off TipRanks Premium

Voleo Trading Systems Inc ( (TSE:INTR) ) has issued an update.

Intrepid Metals Corp. has received TSX Venture Exchange approval to extend by 90 days the expiry dates of 19,046,764 share purchase warrants exercisable at $0.45 per share, pushing batches originally set to expire in early 2026 out to April 5 and April 24, 2026, while leaving all other terms unchanged. The warrants, issued as part of private placements completed in January 2024, include a significant portion held by related parties, making the amendment a related-party transaction under Canadian securities rules; however, the company is relying on exemptions from formal valuation and minority approval because the warrants’ fair market value is below 25% of its market capitalization, a move that effectively gives existing investors more time to exercise their warrants and could support future capital inflows without immediately diluting shareholders further.

More about Voleo Trading Systems Inc

Intrepid Metals Corp. is a Canadian exploration company focused on high-grade essential metals, including copper, silver and zinc, with projects in established mining jurisdictions in southeastern Arizona. Its portfolio includes the Corral Copper Project in Cochise County, viewed as an advanced district-scale exploration and development opportunity, the Tombstone South Project in the historic Tombstone mining district, and the Mesa Well Project in the Laramide Copper Porphyry Belt. The company is led by an experienced North American exploration and permitting team and trades on the TSX Venture Exchange under the symbol INTR and on the OTCQB under IMTCF.

Average Trading Volume: 186,153

Technical Sentiment Signal: Buy

Current Market Cap: C$39.66M

For detailed information about INTR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1