Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba Message Board

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Gold/Mining/Energy : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba

CCX 17.14

0.0%

Sep 30 5:00 PM EST

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To: Jim Hitchie who wrote ()	11/26/1999 9:57:00 PM
From: John Ripley	Read Replies (2) of 223

Any life still here?? 3 news releases in last 2 days. If you own shares Dec 1 you will have rights to sell or process or lose after Dec 20. Looks like with the price to process the rights and subsequent warrants the stock will be promoted to over 25 cents by Mar 31 if they want to get the full benefit of the process. Here's the "rights" news. See 72 page details on Sedar.com Good luck all with shares. John. November 26, 1999 ASE Bulletin No. 9911 557; Cubacan Exploration, Rights Offering ALBERTA STOCK EXCHANGE ("ASE-Y") CUBACAN EXPLORATION INC ("CCX.RT-Y") - ASE Bulletin No. 9911-557; Cubacan Exploration, Rights Offering The Alberta Stock Exchange announces that the Exchange has been advised that the Company is issuing rights to the holders of its issued and outstanding common shares of record at the close of business on WEDNESDAY, DECEMBER 1, 1999. Holders will receive one right for each common share held. The Rights Offering Prospectus has been cleared in the Provinces of Alberta, British Columbia and Ontario only. The rights will be posted for trading on MONDAY, NOVEMBER 29, 1999. The common shares will commence trading on an ex-rights basis at the opening of business on MONDAY, NOVEMBER 29, 1999. Stock Symbol: CCX.RT Security Code: 834 151 CUSIP Number: 229903 13 3 Exercise Price: Two rights and $0.06 to purchase one unit consisting of one common share, one A warrant and one B warrant. Two A warrants plus $0.15 will entitle the holder to acquire one additional common share until January 31, 2000. Two B warrants plus $0.25 will entitle the holder to acquire one additional common share until March 31,2000. Transfer Agent: Montreal Trust Company of Canada - Calgary & Toronto Expiry Date: December 22, 1999 Cash Trading Date: December 20, 1999 Further details are available in the Rights Offering Prospectus filed with the Exchange. TEL: (403) 974-7400 The Alberta Stock Exchange FAX: (403) 237-0450

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