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Biotech / Medical : Drug Royalty Corporation (DRI-TSE)

DRI 188.44

-0.8%

Dec 26 4:00 PM EST

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To: Peter Neidhardt who wrote (78)	3/24/1999 11:23:00 PM
From: AL R	Read Replies (1) of 96

Anybody know what gives? March 99 - Issuing "Special Warrants" to raise $17.5 million in equity. Statement from DRI in December: 'Ian Lennox stated that Drug Royalty is confident that it has the financial capacity to complete additional royalty deals in 1999 without necessarily resorting to raising equity. "We remain committed to delivering on our strategy of building value for our shareholders from larger royalty transactions," added Lennox.' Message 6883033 Why the change of heart in 3 months?? Al

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