Pure Gold Minerals (PUG)-TSE Message Board

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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE

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To: ddl who wrote (558)	4/29/1998 5:51:00 PM
From: Jamie	Read Replies (1) of 1030

>>>>>>>I got a gripe to pick and wonder what you guys know. I know for a fact that people who subscribed for the rights also got to buy some extra stock for $1.00 and got the warrant for free... In other words, if they sent in $10k, they got 10k shares + 5K warrants. how is this supposed to happen <<<<<<<<<<<<<< The rights offering included an over alotment privledge if the offering wasn't fully subscribed (very likely as many jurisdictions wern't eligible to participate). anyone who excercised all their rights could apply for additional shares, to be awarded on a percentage basis based on shares available/shares demanded. Since the rights offering wasn't fully subscribed, anyone who applied for additional shares got the full amount, and each share was accompanied by 1/2 warrant. This was fully explained in the news release about the rights offering

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