Thetford Mines, Quebec - TheNewswire - October 16, 2020 - KDA Group Inc. (TSXV:KDA) ("KDA" or the "Corporation") announces that it proposed to amend the expiry date of 13,890,333 warrants to purchase 13,890,333 Class A Shares of KDA (the "Common shares") at a price of $0.20 per Common share from November 7, 2020 to November 7, 2021 as permitted under the TSX Venture Exchange ("TSXV") Policy.
These warrants were attached to a private placement of $2,089,550 approved by the TSXV in November 2018. The warrants are not currently in-the-money and 40,000 warrants have been exercised to date by one warrant holder. The warrant extension is subject to final acceptance by the TSXV.
ABOUT KDA GROUP
KDA Group is a leading innovation and specialized solution provider in the pharmaceutical market. Today, it is a respected name for quality and expertise among the different stakeholders in the pharmaceutical and medical sector. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Chief Executive Officer
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