From the underwritters agreement filed on sedar

The Company hereby grants to the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional 3,272,700 Units (the “Additional Units”) at the Issue Price for additional gross proceeds of up to C$1,799,985, upon the terms and conditions set forth herein. The Over-Allotment Option will be exercisable to purchase of (i) Additional Units at the Issue Price, (ii) additional Warrants (“Additional Warrants”) at a price of $0.035 per Additional Warrant, or (iii) a combination thereof, so long as (A) the number of Additional Units does not exceed 3,272,700, and (B) the number of Additional Warrants (including Warrants forming part of the Additional Units) does not exceed 1,636,350.

If we apply that number a half warrant is valued at .0125 which means the common shares are valued at .55 - .0125 = .5375.