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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: mr. campbell who wrote (4110)	2/17/2000 11:09:00 PM
From: Rob Davis	Read Replies (1) \| Respond to of 5053

...and if you have rights doled out to shareholders, can you convert the rights to shares using the margin of the original shares? Cheers, Leverage Junkie :)

To: mr. campbell who wrote (4110)	2/17/2000 11:25:00 PM
From: Keith Minler	Read Replies (1) \| Respond to of 5053

Hey Rob,warrants and rights are generally used to sweeten private placements, these kinds of deals are not unusual in junior mining and oil companies. It is more unusual to issue rights to shareholders one example I was involved in, a few years ago, was Bearcat Oil and Stampede Oil. In that case the rights were priced too high and were never in the money. They did however create a lot of interest. I have the impression that 'real' companies do not like to go this route, though for the life of me I don't see why long term shareholders should not be rewarded for their foresight and willingness to risk capital to the benefit of the company. Later Keith