Warrant price amendment
Westrend Natural Gas Inc WRN
Shares issued 18,885,569 Jul 6 close $0.29
Tue 7 Jul 98 Miscellaneous
The VSE has consented to the reduction in the exercise price of the
following warrants:
No. of warrants: 1,341,250
Wt expiry date: May 12, 1999
Forced exercise provIf the closing price for the company's shares is 37
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 exercise92 cents
New Wt exercise pric29 cents
These warrants were issued pursuant to a private placement of 2,000,000
shares with 2,000,000 share purchase warrants, which was accepted for
filing by the exchange effective April 14, 1997 as extended May 13, 1998.
No. of warrants: 625,000
Wt expiry date: May 12, 1999
Forced exercise provIf the closing price for the company's shares is 37
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 exercise92 cents
New Wt exercise pric29 cents
These warrants were issued pursuant to a private placement of 625,000
shares with 625,000 share purchase warrants attached, which was accepted
for filing by the exchange effective May 13, 1997 as extended May 13, 1998.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
|
