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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Ken W who wrote (11295)8/31/2005 4:37:27 PM
From: Galirayo  Read Replies (2) of 23958
 
Ken .. I guess the price of the Preferred is based on the Closing Price of the Common at the EOD Today ???

31-Aug-2005

Entry into Material Agreement, Financial Statements and Exhibits

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On August 29, 2005, Harken Energy Corporation (the Company) entered into a Stock Purchase Agreement (the Agreement) with Alexandra Global Master Fund Ltd. (Seller), whereby the Company agreed to purchase the 50,000 shares of Harken Energy Corporation Series J Convertible Preferred Stock held by Seller. The principal terms of the Agreement require the Company to purchase the 50,000 shares of Harken Energy Corporation Series J Convertible Preferred Stock held by Seller for a cash purchase price of $5,000,000 representing the face value of such shares. The Agreement stipulates August 31, 2005 as the Closing Date.

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