News release (correction):
Warrant price reductionÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
Shiega Resources Corpÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ SHG
Shares issued 19,211,060ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ May 6 close $0.48
Thu 7 May 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Correction
The following isÿ aÿ correctionÿ toÿ theÿ VSEÿ noticeÿ datedÿ Mayÿ 6,ÿ 1998 (Stockwatch,ÿ Mayÿ 7)ÿ regarding the reduction in the exercise price of the following warrants:
Special Warrants
No. of warrants:ÿÿÿ 3,183,000
Wt expiry date:ÿÿÿÿ Aug. 21, 1998
Forced exercise provIf the closing price for the company's shares is 66 cents or greater for 10 consecutive trading days, the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.
Original Wt exercise$1.50
New Wt exercise pric55 cents
These warrants were issued pursuant to aÿ privateÿ placementÿ ofÿ 2,652,500 specialÿ warrantsÿ atÿ $1.10,ÿ whichÿ wereÿ exchanged for one share and 1.2 warrants, as a receipt for a prospectus was not issued within 120ÿ daysÿ of closing.
Agent/Broker Warrants
No. of warrants:ÿÿÿ 530,500
Wt expiry date:ÿÿÿÿ Aug. 21, 1998
Forced exercise provIf the closing price for the company's shares is 66 cents or greater for 10 consecutive trading days, the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.
Original Wt exercise$1.50
New Wt exercise pric55 cents
These warrants were issued as a commission to Yorkton Securities,ÿ pursuant toÿ aÿ privateÿ placement of 2,652,500 special warrants at $1.10, which was accepted for filing by the exchange effective Feb. 21, 1997.
(c) Copyright 1998 Canjex Publishing Ltd. |
