Preferred Dental Technologies Inc. (“Company”) (CSE: PDTI, US OTC: PDTTF): Announces Extension of Outstanding Warrants
Winnipeg, MB (FSCwire) - The Company reports that the Board of Directors have unanimously approved the warrant expiry date on a total of 6,140,000 warrants to May 15, 2020. Each warrant issued as described below was exercisable to purchase a common share of the Company at $0.25 per share. The exercise price remains the same at $0.25.
A total of 3,000,000 such warrants were issued by Whitewater Capital Corp on June 8, 2017 by way of a private placement and had an original expiry date of June 7, 2018.
An additional 2,510,000 warrants were issued June 8, 2017 as a part of the acquisition of Preferred Dental Implant Corp. and had an original expiry date of June 7, 2019.
A total of 630,000 warrants were issued at various times as part of debt settlement agreements. On July 10, 2017, 80,000 warrants were issued with an expiry date of July 9, 2018. On August 8th, 2017, 425,000 warrants were issued with an expiry date of August 7, 2018 to Erik Siegmund, President and CEO of the Company. On November 22nd, 2017, the Company issued 125,000 warrants with an expiry date of November 21, 2018.
All other terms and conditions of the warrants remain unchanged.
About PDTI
Preferred Dental technologies Inc. (PDTI) has been established to advance development and commercialization of various evolutionary and disruptive technologies in the dental implant industry.
MISSION — INNOVATIVE & PRACTICAL SOLUTIONS FOR THE DENTAL INDUSTRY
Visit: www.preferreddentalimplant.com
On behalf of Preferred Dental Technologies Inc.
Erik Siegmund
Chief Executive Officer
Email: info@prefdent.com
Tel: 204.691.3722
This news release may contain forward-looking information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither The Canadian Securities Exchange nor its Regulations Services Provider (as that term is defined in the policies of The Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
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Source: Preferred Dental Technologies Inc. (CSE:PDTI, OTC Pink:PDTTF)
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