Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : IBI CORP IBIC (CDN) -- Ignore unavailable to you. Want to Upgrade?

To: LightPen who wrote (376)	1/26/2000 1:01:00 PM
From: Elizabeth A Rice	Read Replies (1) \| Respond to of 422

IBI CORPORATION: EXERCISE OF WARRANTS TORONTO, ONTARIO--IBI Corporation (IBIC : CDN) (the "Company"), a junior mining company, announces the following updates: Warrants from Rights Offering Pursuant to the Company's rights offering of February 1999, which was fully subscribed, 18,183,844 units were issued, each unit including one warrant which entitles the holder to acquire one common share at $0.06 prior to February 21, 2000. There are 17,830,964 warrants outstanding at this time, prior to the exercise noted below. Major Shareholder Exercises Warrants The former chairman, Edward Lai, has exercised warrants at $0.06 to acquire 1,545,000 common shares for a total consideration of $92,700. This amount was received by the Company by offset against shareholder loans owing to Mr. Lai. The Company has 202,265,169 common shares issued and outstanding.