SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KERM'S KORNER
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kerm Yerman who wrote (8126)12/23/1997 6:35:00 PM
From: Arnie   of 15196
 
CORP. / Ram Petroleum trades Ex Wollasco Shares

TORONTO, Dec. 23 /CNW/ - Ram Petroleums Limited Class A shares and rights
commenced trading on the Toronto Stock Exchange yesterday following the
completion of reorganization of its share capital, which divested it of its
wholly-owned subsidiary Wollasco Minerals Inc.

Ram redeemed its common shares by issuing Class A shares and distributing
Wollasco shares and rights to its shareholders. At the same time both Ram and
Wollasco have issued rights to its shareholders.

Ram will utilize the proceeds of its rights offering to pay for oil and
gas exploration in the Rio Putumayo Association Contract block in Colombia.

Ram shares and rights are now listed on the TSE as RPL.A and RPL.A.RT.
Wollasco will commence trading on the Canadian Dealing Network as WOLL
and WOLL.RT.

Under the reorganization Ram shareholders received two shares of Wollasco
for each Class A share held along with one right to purchase one Ram Class A
share on or before January 15, 1998 at $0.60 per share for every four Ram
rights.

Wollasco will issue one right for each common share held by its
shareholders of record on December 29, 1997. Five Wollasco rights will entitle
the holder to purchase one unit, comprising one share and one warrant, at
$0.25 on or before February 11, 1998. The warrant entitles shareholders to
purchase one share of Wollasco at $0.35 on or before November 18, 1998.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News