CLIFFSIDE CAPITAL LTD. ANNOUNCES WARRANT EXTENSION APPLICATION – QNT Press Release

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TORONTO, March 22, 2022 /CNW/ – Cliffside Capital Ltd. (“Cliffside” or the “Company“) (TSXV:CEP) today announces that it has applied to the TSX Venture Exchange for an extension to the exercise period of a total of 2,197,000 common share purchase warrants (the “Extended Warrants“) of the Company from their current expiry date of March 26, 2022 to June 14, 2022 (the “Warrant Extension“). The Extended Warrants have an exercise price of $0.22 per common share and were issued to certain standby guarantors of the Company in connection with the Company’s rights offering that closed on March 27, 2019.

The expiry date of the Extended Warrants is being extended in order to maintain the Extended Warrants as a potential source of financing for the Company by providing certain insiders of the Company that hold Extended Warrants, including each of Michael Stein

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