IRELAND INC. 4
4 · IRELAND INC. · Filed Mar 26, 2014
Insider Transaction Report
Form 4
IRELAND INC.IRLD
BRENNAN MARK H
Director
Transactions
- Purchase
Special Warrants (Right to Buy)
2014-03-24$0.20/sh+125,000$25,000→ 125,000 totalFrom: 2014-03-24Exp: 2015-03-31→ Units (125,000 underlying)
Footnotes (3)
- [F1]Convertible at no extra cost into Units on a 1:1 basis. Alternatively, if issuer completes a subsequent offering of common stock and/or other securities convertible into common stock ("Common Stock Equivalents"), the special warrants may, within one month after closing of that subsequent offering, instead be converted into common stock and/or such Common Stock Equivalents at a conversion ratio of ($0.20):(subsequent offering price).
- [F2]Expiry date is earlier of (i) March 31, 2015; and (ii) one month after issuer completes subsequent sales of common stock or common stock and Common Stock Equivalents for total gross proceeds of $7,000,000.
- [F3]Each Unit consists of 1 share of common stock and 1 share purchase warrant entitling holder to purchase 1 additional share of common stock at $0.40, expiring March 29, 2019.