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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (116588)	7/9/2003 3:20:03 PM
From: Taki	Read Replies (1) \| Respond to of 150070

TGAL .60x.62.R/S.(COMTEX) B: PRE 14A: TGAL Vote; Dirs; Units; Auth Shares; Rev Split [delay d] B: PRE 14A: TGAL Vote; Dirs; Units; Auth Shares; Rev Split [delayed] Ridgeland, MS, JUL 09, 2003 (EventX/Knobias.com via COMTEX) -- According to a PRE 14A filed today, the annual meeting of stockholders of Tegal Corporation (NasdaqSC: TGAL) will be held on Tuesday, August 26, 2003, at 1:00 PM ET, at its headquarters at 2201 South McDowell Boulevard, Petaluma, California 94954, for the following purposes: 1. To elect four directors to serve for one year and until their successors are duly elected and qualified; 2. To approve an amendment to 1998 Equity Participation Plan to increase the number of shares available for issuance from 2,400,000 to 6,400,000; 3. To approve a financing transaction in which the agreement provides that the Company sells and issues, to a group of private investors, units consisting of (a) up to $7,165,000 aggregate principal amount of 2.0% Convertible Secured Debentures Due 2011, convertible into common stock at an initial conversion price of $0.35 per share and (b) eight-year warrants to purchase up to 4,094,224 shares of common stock with an exercise price of $0.50; 4. To approve an amendment to Certificate of Incorporation to increase the number of authorized shares of common stock to 100,000,000; 5. To approve a series of amendments to Certificate of Incorporation to effect a reverse stock split of common stock, whereby each outstanding 2, 3, 5, 10 or 15 shares would be combined, converted and changed into one share of common stock, provided that board of directors will retain discretion as to which amendment will be filed and as to when and whether any amendment is filed; and 6. To transact such other business as may properly come before the annual meeting and any adjournments of the annual meeting. GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit knobias.com ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information. CONTACT: Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx Copyright 2003 Knobias.com, LLC, All rights reserved. -0- SUBJECT CODE: Convertibles Debenture Dilution Issue Management Issues Shareholder Issues Stock Split Proxy Filing Derivatives * end of story *