By GlobeNewswire
In addition, in conjunction with the Splits, the outstanding warrants of PVII (the 鈥淲arrants鈥) (PVF.WT) will be adjusted in accordance with the terms of the warrant indenture between PVII and TSX Trust Company dated November 27, 2023, to reflect the Share Split. Prior to the Share Split, the exercise price for each Exchangeable Share is C$29.34 and a holder of Warrants who tenders five Warrants will receive 1.106 Exchangeable Shares for an aggregate exercise price of C$32.45. After completion of the Share Split, the exercise price for each Exchangeable Share will be C$2.93 and a holder of Warrants who tenders five Warrants will receive 11.06 Exchangeable Shares for an aggregate exercise price of C$3.245. As of the close of business on July 2, 2025, there were 27,902,009 Warrants issued and outstanding. There will be no change to the number of issued and outstanding Warrants as a result of the Splits. The adjustment to the Warrants should not be taxable to holders of Warrants for Canadian and US tax purposes.