expiration date

The Applicable Common Shares per Warrant Ratio disclosed here will apply on any warrant Exercise Date from, and including, August 9, 2019 through September 9, 2019.

The company decided to scale back a portion of the SPP taking into consideration near-term upcoming development, dilution factors and options which the company believes will be well in the money at time of the exercise date.

In light of the above raised amount and demand, the company however found it necessary to scale back a portion of the SPP taking into consideration near term upcoming company developments, dilution factors and options which the company believes will be well in the money at time of the exercise date.

The warrants will become exercisable six months following the date of issuance, will expire on the fifth anniversary of the initial exercise date and have an exercise price of $7.00.

The pre-funded warrants sold in the registered direct offering will be exercisable immediately following the date of issuance, will expire on the fifth anniversary of the initial exercise date and have an exercise price of USD0.01 per share.

This exercise date will correspond to the date the company receives such an irrevocable request from the relevant warrant holder.

The warrants will first become exercisable on October 29, 2018, and continue to be exercisable for one year after the exercise date at a per share exercise price of USD1.00.

When an employee disposes of ISOs within two years of the grant date or within one year of the exercise date, however, the company receives a tax deduction equal to the difference between the options' original fair value and the exercise price on the date that the disqualifying disposition has taken place.

MLB contract options work similarly and, like European call options, there is only one exercise date. A team can purchase the right to buy a player's services for an extra year, where the player's services are seen as an underlying asset.

(TSX-V: ISD) (OTC: ISDSF) has applied to the TSX Venture Exchange for approval to extend the exercise date for the 9,566,094 outstanding warrants issued in November 2014 in conjunction with a private placement, the company said.

Given these results, MACO's board has declared (subject to shareholder approval) dividends for the second half (Jul-Dec'15) of THB 0.030 per share, with the exercise date falling on 17 March 2016 and the payment date on 13 May 2016.