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Gold/Mining/Energy : Precious metal company Warrants -- Ignore unavailable to you. Want to Upgrade?

To: dara who wrote (264)7/29/2005 10:58:50 AM
From: dara  Respond to of 681
 
What can happen to warrants in a take-over.

Lonmin Completes Compulsory Acquisition Of Remaining Shares Of Southern Platinum

"... As a result of the Reclassification, the terms of the Toronto Stock Exchange-listed warrants outstanding under the warrant indenture of November 17, 2003 entered into by SouthernEra Diamonds Inc., Southern Platinum and Computershare Trust Company of Canada were amended as of July 29, 2005 and Southern Platinum was released from all of its obligations in respect of such warrants. ..."

finance24.com



To: dara who wrote (264)8/3/2005 11:51:02 PM
From: bmccra  Read Replies (3) | Respond to of 681
 
Hello Dara. Besides this unfortunate SouthernEra warrant example does anyone happen to have any experience or reference to other instances where there was a cash takeover with warrants involved? In a cash transaction is there no consideration given to the warrant holder beyond intrinsic value at the time of closing? Thanks.

b


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