Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tommaso who wrote (1055)	5/1/1999 9:06:00 AM
From: Tomas	Read Replies (1) of 2742

Tommaso: RE: The warrants. Prices in dollars for the shares to be offered (May 1 exchange rates): October 1-15, 1999: SEK23 = US$2 3/4 = CAN$4 January 10-March 31, 2000: SEK28 = US$3 1/3 = CAN$4.90 These shares will represent a maximum of 10% of outstanding shares if exercised. Holders of GDSs of Lundin Oil didn't receive any warrants, but these warrants will be sold on the Stockholm Stock Exchange with the proceeds distributed to the GDS holders.

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