RYU Apparel Inc., maker of urban athletic apparel, said the company has received acceptance from the TSX Venture Exchange (TSXV) to decrease the exercise price of a total of 114,186,456 warrants that were issued in private placement unit offerings on December 4, 2017, December 22, 2017 and January 19, 2018 from Canadian $0.20 to $0.12.
In all other respects, the terms of the warrants will remain unchanged. Per TSXV policies, warrants issued to finders in connection with the private placements are not eligible for repricing.
