golfyeti - Below is copied from the Nov. 25/19 NR. The $1.33 offered conversion price was essentially market price at that time. At the time, nobody took the offer that we know of. They did however with this offer, end the offer 3 months before the first expiries so the expiries weren't loomy too close yet.

"Pursuant to the Incentive Program, 15,593,428 common share purchase warrants, exercisable at prices ranging from $1.40 to $4.00 per share and expiring between April 12, 2020 and December 31, 2023 (the “Warrants”), will be amended to permit the exercise of the Warrants at a price of $1.33 per share commencing Tuesday, December 10, 2019 and ending at the close of business on Friday, January 10, 2020 (the “Early Exercise Expiry Date”). Following the Early Exercise Expiry Date, unexercised Warrants will remain outstanding and continue to be exercisable for common shares of the Company on their original terms."