Tuesday January 13, 12:36 pm Eastern Time
Company Press Release
SOURCE: BCAM International, Inc.
BCAM International, Inc. Extends the Expiration Date of
Class B and Class E Warrants; Warrants Reflect
Adjustments for Antidilution
MELVILLE, N.Y., Jan. 13 /PRNewswire/ -- BCAM International, Inc. (Nasdaq: BCAM - news,
BCAML - news, BCAMZ - news) today announced that it will extend the January 17, 1998
expiration date of its Class B and Class E Warrants to October 17, 1998. Additionally, as a result of
certain financing transactions in 1997, the conversion rates and conversion prices for these securities
have been adjusted pursuant to antidilution provisions. The terms of the respective warrants are as
follows:
Class B warrants (Nasdaq: BCAML - news) entitle the holder to purchase 1.6 shares of common
stock per Class B Warrant at a price of $1.14 per share. As a result, a Class B warrant holder
would pay $1.82 to exercise their warrant and receive $1.6 BCAM common shares. Class E
warrants (Nasdaq: BCAMZ - news) entitle the holder to purchase 1.5 shares of common stock per
Class E Warrant at a price of $0.95 per share. As a result, a Class E warrant holder would pay
$1.43 to exercise their warrant and receive 1.5 BCAM common shares. The Class B and Class E
warrants are subject to redemption by the Company, on not less than 30 days prior written notice,
under certain circumstances.
BCAM International, Inc. is a software technology company, with operations in medical footwear
manufacturing and distribution, proprietary ergonomic software and Intelligent Surface Technology
(IST) licensing.
SOURCE: BCAM International, Inc. |
