World Wide Minerals Ltd -
Globe says chief acquires 6.4 million shares
World Wide Minerals Ltd
WWS
Shares issued 53039225
1998-03-16 close $0.25
Tuesday Mar 17 1998
The Globe and Mail reports in its Tuesday, March 17, edition that the president and chief operating
officer of World Wide Minerals, Wallace Mays, has acquired a total of 6.4 million common shares of the
company in private transactions, giving him a total of 7.6 million common shares, or approximately 13
per cent of the 58 million shares outstanding. The Globe's Investment News column reports that Mr
Mays also holds options to purchase another 150,000 common shares under the company's employee
stock option plan. World Wide Mineral's chairman and CEO, Paul Carroll, acquired 6.63 million
common shares of the company in a private transaction, giving him a total of 7.39 million common
shares, or 12.7 per cent of those outstanding. He holds options to purchase another 400,000 common
shares under the company's employee stock option plan. The executives purchased the shares for
investment purposes only, the company said.
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