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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE
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To: Brian Gerbozy who wrote (8)3/18/1997 6:47:00 PM
From: Larry Southam   of 298
 
Brian--You have it backwards. If the stock price (yours and everyone else's) goes above the warrant exercise price, then warrant holders will find it economic to exercise (pay the exercise price to the company to purchase new stock). In most respects, a warrant can be thought of as a call option.
Hope this helps--Larry
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