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To: Glenn Petersen who wrote (2018)	12/8/2009 10:45:04 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

AutoChina International (stock symbol: [t]AUTC[/t]) has announced that it is going to redeem its warrants. The common shares and warrants are trading at $25.00 and $18.00, respectively. The warrants have a strike price of $5.00. The redemption should generate $21 million for the company. AutoChina International Sets Redemption Date of Warrants Press Release Source: AutoChina International Limited On 9:00 am EST, Tuesday December 8, 2009 SHIJIAZHUANG, Heibei Province, China--(BUSINESS WIRE)--AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC - News, AUTCW - News, AUTCU - News), a leading one-stop commercial vehicle sales and leasing company in China offering its customers affordable lease-to-own options, today announced that it is sending out redemption notices to all of the record holders of its issued and outstanding ordinary share purchase warrants, which trade under the ticker symbol AUTCW. The final redemption date for the warrants will be January 8, 2010 (the “Redemption Date”). Holders of warrants who have not exercised them by the Redemption Date will be paid $0.01 per warrant, and the warrants will be extinguished. In accordance with the Warrant Agreement governing the warrants, AutoChina is entitled to redeem these warrants because the last sales price of its ordinary shares was $11.50 or more for at least 20 trading days within the 30 trading day period ending on the third business day prior to the date notice of redemption was sent to warrant holders of record, and because there is a current and effective registration statement covering the ordinary shares underlying the warrants. The closing price of AutoChina’s ordinary shares on December 7, 2009 was $25. There are currently approximately 4.2 million warrants issued and outstanding. Assuming exercise of all issued and outstanding warrants, AutoChina would receive gross proceeds of approximately $21 million and there will be a total of approximately 15.2 million ordinary shares of AutoChina issued and outstanding after the Redemption Date. The Company intends to use the proceeds from the warrant redemption to continue the expansion of its commercial vehicle sales and leasing business. The ordinary share purchase warrants were originally issued by AutoChina, which was formerly known as Spring Creek Acquisition Corp. (Spring Creek), in connection with Spring Creek’s initial public offering in February 2008. >b>Prior to the Redemption Date, holders of the warrants may exercise them for ordinary shares by sending the warrants, together with payment in full of $5.00 per warrant, to American Stock Transfer and Trust Company LLC, the Company’s transfer and warrant agent. If you have any questions regarding the redemption, please call American Stock Transfer and Trust Company LLC at (877) 248-6417 or (718) 921-8317. <snip> finance.yahoo.com