Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equit y Securities and Use of Proceeds
During the three months ended June 30, 2019, a warrant holder exercised a warrant for a total of 59,707 shares at a weighted average exercise price of $3.01. This exercise has been recorded on a non-cash basis net of shares held as treasury stock. The share issuance to the warrant holder was effected without registration under the Securities Act of 1933 (the “Act”) in reliance upon exemptions from registration provided under Section 4(2) of the Act.
Item 3. Defaults upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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