You know what pisses me off abou gem, this:
TORONTO, April 22 /CNW/ - The purpose of this press release is to report that Vic Alboini, President and
Chief Executive Officer of American Gem Corporation acquired 4,444,444 shares of American Gem in a
private placement completed by the Company at a price of $.0225 per share. Mr. Alboini also purchased
5,240,000 shares upon the exercise of his stock options at the following prices: 1,570,000 shares at $.065 per
share, 2,750,000 shares at $.035 per share, and 920,000 shares at $.0375 per share. In addition, as earlier
reported, Mr. Alboini also acquired 500,080 shares at an average price of $.04 per share which represented
the portion of his salary that is received in shares at the average market price during the period to February
11, 1999.
As a result of these transactions, Mr. Alboini owns 20,873,008 shares or approximately 17% of the total
issued and outstanding common shares of American Gem. The Company has 122,451,865 issued common shares.
On a fully diluted basis there are 122,871,865 shares outstanding.
The purpose of the purchases was for investment purposes. Mr. Alboini may make additional purchases in the
future.
Vic Alboini |
