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.

Gold/Mining/Energy : African Metals Corporation(AFR-Cdnx)(was Shiega resources) -- Ignore unavailable to you. Want to Upgrade?

To: Wats who wrote (107)	5/7/1998 6:48:00 PM
From: Wats	Read Replies (1) \| Respond to of 151

News release (correction): Warrant price reductionÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Shiega Resources Corpÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ SHG Shares issued 19,211,060ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ May 6 close $0.48 Thu 7 May 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Correction The following isÿ aÿ correctionÿ toÿ theÿ VSEÿ noticeÿ datedÿ Mayÿ 6,ÿ 1998 (Stockwatch,ÿ Mayÿ 7)ÿ regarding the reduction in the exercise price of the following warrants: Special Warrants No. of warrants:ÿÿÿ 3,183,000 Wt expiry date:ÿÿÿÿ Aug. 21, 1998 Forced exercise provIf the closing price for the company's shares is 66 cents or greater for 10 consecutive trading days, the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Wt exercise$1.50 New Wt exercise pric55 cents These warrants were issued pursuant to aÿ privateÿ placementÿ ofÿ 2,652,500 specialÿ warrantsÿ atÿ $1.10,ÿ whichÿ wereÿ exchanged for one share and 1.2 warrants, as a receipt for a prospectus was not issued within 120ÿ daysÿ of closing. Agent/Broker Warrants No. of warrants:ÿÿÿ 530,500 Wt expiry date:ÿÿÿÿ Aug. 21, 1998 Forced exercise provIf the closing price for the company's shares is 66 cents or greater for 10 consecutive trading days, the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Wt exercise$1.50 New Wt exercise pric55 cents These warrants were issued as a commission to Yorkton Securities,ÿ pursuant toÿ aÿ privateÿ placement of 2,652,500 special warrants at $1.10, which was accepted for filing by the exchange effective Feb. 21, 1997. (c) Copyright 1998 Canjex Publishing Ltd.