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Dufferin Gold Mine, Nova Scotia - Near Production

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BREAKING: Kontrol Establishes Lower Detection Limit for Commercialization of BioCloud

Kontrol BioCloud a Safe Space Technology™

  • Provides an update on lower detection limits and commercialization
  • “We are pleased to continue to advance towards production of BioCloud units in November,” says Paul Ghezzi, CEO Kontrol. “The lower detection limit is an important benchmark to provide potential customers with the operating sensitivity of BioCloud.”
  • As part of its commercialization of the BioCloud technology, Kontrol has currently established a lower detection limit of 50 SARs-COV-2 virus particles
  • This represents a sufficient sensitivity to the SARS COV-2 virus for commercialization

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Hub On AGORACOM / Read Release

Message: Modifications Made to Stock Purchase Warrants and Allocation of Stock Options

Modifications Made to Stock Purchase Warrants and Allocation of Stock Options

posted on May 30, 2009 01:54AM
May 29, 2009
Ressources Appalaches: Modifications Made to Stock Purchase Warrants and Allocation of Stock Options
RIMOUSKI, QUEBEC--(Marketwire - May 29, 2009) - On May 28, 2009, Ressources Appalaches (TSX VENTURE:APP) filed an application with the TSX Venture Exchange to extend the expiration date of the stock purchase warrants expiring on June 18, 2009, and June 30, 2009. The requested new expiration date is June 30, 2011.

Each subscription warrant will allow its holder to subscribe to a common share of the Company at the price of $0.20 until June 30, 2009 (the "initial period"). The exercise price of $0.20 will be subsequently adjusted on a monthly basis until June 30, 2011, the expiration date, in accordance with the following terms:

Upon the expiry of the initial period, the exercise price will be adjusted (the "adjusted exercise price") to be equal to the higher of:

i) the weighted average of the daily price of the issuer's common shares traded on the TSX-V for the days on which transactions were recorded (the "weighted average price") during the last month preceding the initial period; and

ii) the exercise price of $0.20.

Once the adjusted exercise price has been set, the exercise price of the warrant will be subsequently adjusted automatically on the first day of each month and will be equal to the higher of:

i) the weighted average price during the preceding month; and

ii) the adjusted exercise price.

In accordance with its compensation policy and stock option plan, on May 27, 2009, the board of directors of Ressources Appalaches granted 2,150,000 stock options with an exercise price of $0.15, expiring on May 27, 2014, distributed as follows:

Directors                                                 1,700,000 options
Employees and service providers                             250,000 options
Christian Guilbaud, the Company's public relations officer  200,000 options
The options granted to the public relations officer are acquired gradually over a 12-month period at a rate of one quarter of the options over the given quarter in compliance with policy 4.4 of the TSX Venture Exchange.
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