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 : FORMATION CAPITAL CORPORATION- $900m in Cobalt finds -- Ignore unavailable to you. Want to Upgrade?

To: Veritas who wrote (15)	5/10/1998 11:07:00 AM
From: Pierre J. LeBel	Read Replies (1) \| Respond to of 87

Let us try again: FORMATION CAPITAL CORPORATION ANNOUNCES RECEIPTS FOR FINAL PROSPECTUS DATED APRIL 30, 1998 RECEIVED VANCOUVER, May 6 /CNW/ - Formation Capital Corporation (the ''Company'') is pleased to announce that receipts for its final prospectus dated April 30, 1998 were issued on May 5, 1998 by the Securities Commissions for the Provinces of Ontario, British Columbia and Alberta. The prospectus qualifies the distribution of: 1. 1,500,000 common shares and 462,000 non-transferable common share purchase warrants designated 'F' Warrants, and 1,000,000 common share purchase warrants designated 'G' Warrants, issuable upon the exercise or deemed exercise of 1,500,000 special warrants previously distributed by the Company pursuant to a Special Warrant Private Placement which closed on November 20, 1997. The 'F' Warrants entitle the holders to purchase up to an aggregate 462,000 common shares of the Company at a price of $1.25 per share at any time on or before May 20, 1998, and thereafter at a price of $1.45 per share at any time on or before November 23, 1998. The 'G' Warrants entitle the holders to purchase up to an aggregate 1,000,000 common shares of the Company at a price of $1.15 per share on or before May 20, 1998, and thereafter at a price of $1.34 per share at any time on or before November 23, 1998; 2. 217,392 common shares and 217,392 common share purchase warrants issuable upon the exercise or deemed exercise of 217,392 special warrants previously distributed by the Company pursuant to a Special Warrant Private Placement which closed on December 23, 1997. The common share purchase warrants entitle the holders to purchase up to an aggregate 217,392 common shares of the Company at a price of $1.25 per share at any time on or before February 28, 2000; 3. 57,650 common shares and 57,650 common share purchase warrants issuable upon the exercise of 57,650 previously issued Agent's Special Warrants, each common share purchase warrant entitling the purchase of up to an aggregate 57,650 common shares on the same terms as the 'G' Warrants; 4. Compensation Option issuable upon the exercise of an outstanding Agent's Special Option, entitling the purchase of up to an aggregate 75,000 units at a price of $1.15 per unit, each unit comprised of one common share and one common share purchase warrant, such purchase warrants entitling the purchase of up to an aggregate 75,000 common shares on the same terms as the 'G' Warrants; and 5. 13,043 common shares and 13,043 common share purchase warrants issuable upon the exercise of 13,043 previously issued Finder's Special Warrants, each common share purchase warrant entitling the purchase of up to an aggregate 13,043 common shares at a price of $1.25 per share at any time on or before February 28, 2000. ON BEHALF OF THE BOARD ''Mari-Ann Green'' ---------------------------------- Mari-Ann Green, Chief Executive Officer -30-