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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Richard Mazzarella who wrote (5433)2/7/2003 6:56:45 PM
From: Findit  Read Replies (1) of 5504
 
Terms of HEC rights offering out. Richard do you have any position in HEC now? If so, will you be exercising your options here?

TIA - Jim

>>Holders of record of Harken common stock, Series G1 preferred stock and Series G2 preferred stock will receive one subscription right for each share of common stock held (or, in the case of the Series G1 preferred stock and Series G2 preferred stock, one subscription right for each share of common stock issuable upon conversion). Each subscription right will grant the holder the right to purchase 2.2667 shares of Harken common stock. The subscription price for the rights is $0.311 per right (or $0.1372 per share). The per share price equals 70% of the market price of Harken common stock determined by averaging the closing price of Harken common stock on the Amex for the five trading days ending on February 7, 2003. The subscription rights will expire if not exercised before midnight, Eastern Standard Time, on March 13, 2003, unless extended by Harken<<
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