Heliostar Announces Minor Update to Closing of Warrant Incentive Program
An additional 18,000 Outstanding Warrants were exercised pursuant to the Incentive Program. Accordingly, the Company confirms that (a) a total of 17,599,544 common shares in the capital of the Company were issued upon the exercise of 17,599,544 Outstanding Warrants, providing aggregate gross proceeds of $5,279,863.20 to the Company, (b) a total of 5,866,504 Incentive Warrants were issued pursuant to the Incentive Program, and (c) following completion of the Incentive Program, there remains 28,764,086 Outstanding Warrants.