Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (14308)	6/13/2002 10:48:41 AM
From: TheBusDriver	Read Replies (1) of 36161

Here it is in english for the French challenged: Why issue shares and warrants so far in the money? Now wonder it is soft today.... Russ was this you? Tom Exploration 750,000-share private placement Tom Exploration Inc TUM Shares issued 6,906,274 Jun 7 2002 close $.720 Friday Jun 7 2002 Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 28, 2002. No. of shares: 750,000 Price: 40 cents per share Warrants: For 750,000 shares Warrant price: 52 cents up to June 4, 2003 Placee: One placee participated No insider or pro group participation The company must issue news if the private placement does not close promptly.

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