The purchase of the Nugget Mountain Claims is contingent on receipt of all necessary approvals, including that the TSX Venture Exchange and the common shares
issuable thereunder will be subject to a statutory hold period of four months and one day from the date of issuance.
Under the terms of the agreements, the number of Common Shares
issuable per Series B Warrant with respect to Net Cashless Exercises prior to the close of business on November 17, 2015 may not exceed 33.23 based on a floor on the average volume weighted average prices of $0.0541.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities to buy any securities
issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
All of the securities
issuable in the private placement are subject to resale restrictions ending on December 29, 2019.
In this instance, the entitlement is to the additional common shares
issuable as a result of the stock split.
The aggregate number of shares of Common Stock to be issued pursuant to the Class A Units and
issuable upon conversion of all the Series E Convertible Preferred Stock is 2,600,000.
All the securities
issuable will be subject to a four-month hold period from the date of closing.
The stock dividend will be
issuable on or about July 2, 2019 to shareholders of record as of June 14, 2019.
Holders of the preferred stock are expected to receive 4.1254 shares of WPX common stock for each share of preferred stock they hold on the mandatory conversion date of July 30, 2018, with cash to be paid in lieu of any fractional shares.<br />The number of shares of common stock
issuable on conversion is determined as set forth in the certificate of designations of the preferred stock.
Consideration paid to shareholders of the influencer marketing company will be in the form of cash and IZEA stock paid or
issuable at closing and over the next 12-month period.
The dividend is
issuable on or about June 29, 2018 to shareholders of record as of June 15, 2018.
The conversion price of its securities and the number shares of common stock
issuable upon conversion will be split-adjusted.
