| http://www.w3.org/ns/prov#value | - The warrants will include a provision that in the event that the common shares of Bandera trade at or above $0.08 per share for 5 consecutive trading days, Bandera may, upon notice to the holders of the warrants, shorten the exercise period to 30 days after which the warrants will lapse.The private placement is subject to regulatory approval including the approval of the TSX Venture Exchange.
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