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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
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To: vds4 who wrote (10839)1/7/2003 10:25:48 AM
From: Al Collard  Read Replies (1) of 11802
 
"GE Capital IT Solutions will secure warrants in Nuvo Network Management Inc. Subject to regulatory approval, Nuvo has agreed to grant to GE Capital IT Solutions warrants to acquire up to 11,254,993 common shares at an exercise price of Cdn$0.29 per share. The warrants have a five-year term and vesting is tied to Nuvo revenues from the distribution agreement. 50% of the warrants vest if Nuvo revenues from the agreement exceed Cdn$5 million prior to March 31, 2003. All of the warrants vest if Nuvo revenues from the agreement exceed Cdn$10 million prior to December 31, 2003. The warrants and underlying shares will be subject to transfer restrictions for four months following the date of grant."
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