Further details to the PP and other summaries. Must be getting ready for the big announcement?
Glimmer Resources Inc -
James Grenon completes acquisition of shares Glimmer Resources Inc
GME Shares issued 5,318,962
1998-09-09 close $0.75
Wednesday Sep 16 1998
Mr. Tony Grenon reports James Grenon has completed the acquisition of 500,000 shares of Glimmer Resources by private placement from treasury for 80 cents per share. After completion of the acquisition, Mr. Grenon and certain principals of TOM Capital Associates, namely Richard DeGroat, Martin Abbott, Anthony Grenon and Paul Champagne collectively will own 753,500 shares, $2,000,000 of debentures convertible into shares on the basis of $1.10 principal amount of ebenture per share if converted in the first year, $1,265 principal amount of debenture per share if converted in the second year and $1,455 principal amount of debenture per share if converted in the third year, directors options to acquire 50,000 shares at 75 cents until Aug. 21, 2002 and arrants, to acquire 500,000 shares of Glimmer
exercisable until Jan. 4, 1999.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Cheers Winzer |
