I guess, since there will be no set exercise price, a "Warrant Exercise Event" would be something similar to preferred shares that the issuer can call them anytime. I guess that is why they say the Warrants can be exercised at 0.0615 cents or higher. They'll set the price and date to call them, i.e., to exchange them with Warrents Shares. That is why may be they don't want them listed on the TSX, It's a bonus as you say and you may be right because I can't make any other sense out of this gibberish. Now, can you give us an example what an "Warrant Exercise Event" could be? that would put some meat on the bone. Thanks