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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?


To: Dale Schwartzenhauer who wrote (590)3/16/1998 10:01:00 PM
From: Keith Minler  Read Replies (1) | Respond to of 2306
 
Hi Dale\Wayne

The rights circular from SEDAR states that an application to the ASE may be made to list and trade the warrants if the warrants meet the requirements of the ASE.

It would likely depend on how successful the rights are and how close the stock price is to the strike price. If on April first BEA is just above $.70, then they would likely apply for a listing to keep interest up. On the other hand if they are well in the money there would be no need to list them.

In any event they can be bought and sold privately.

Hope this helps.

Later

Keith

PS The warrants are just icing on the cake, the stock would have to be really high to justify buying rights in hopes of cashing in on the warrants. Unless(unlike me), you are filthy rich and after the tax break.