AIRP Message Board - Msg: 1020882

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Microcap & Penny Stocks : AIRP

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To: Joan Osland Graffius who wrote (207)	3/19/1997 10:52:00 AM
From: Rich Kaiser	of 487

Two News Releases: First: March 18, 1997: The company announces the appointment of David Maginnius to the Board of Directors and the resignation of Dan Pharo. The Company announces it has today granted a director stock option of 100,000 shares of the company at a price of $.29 Cnd. The option will be exercisable over a 5 yr. period expiring March 18, 02. The Average closing price of the company's shares for the preceding 10 days is $.29 cnd. This options is subject to VSE approval. Second Release: March 18, 1997: The company has arranged to settle an outstanding liability of $30,473.31 Cnd with one arms lenght creditor by the issuance of 100,000 shrs at a price of $.29 cnd per share. The average price of the company's stock in the past 10 days was $.29cnd. This issuance is subject to VSE approval. On Behalf of the Board AIRP. itribe.net

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