NetworkNewsBreaks – NexOptic Technology Corp. (TSX.V: NXO) (OTCQB: NXOPF) (FSE: E3O1) Facilitates Private Transfer of Outstanding Warrants
NexOptic Technology (TSX.V: NXO) (OTCQB: NXOPF) (FSE: E3O1), an optics and artificial intelligence (“AI”) innovator, today announced that it has facilitated a private transfer of 1,045,262 warrants held by significant shareholder, 3DB Inc., a private Alberta company. According to the update, the warrants, with an exercise price of $1.12, expire at midnight on September 21, 2020. The 3DB warrants were non-transferable without NexOptic’s consent, which was provided in association with the transaction. The cooperation of 3DB’s principals, John and Darcy Daugela, in the transfer their warrants creates an opportunity for NexOptic to increase its treasury by up to an additional…