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 : International Tournigan(ITG.V)announces major discovery -- Ignore unavailable to you. Want to Upgrade?

To: Mike Laine who wrote (286)	7/13/1998 11:24:00 PM
From: rdww	Read Replies (1) \| Respond to of 347

hey hey hey - this puppy is supposed to start a run now that the warrants are repriced as well. So now they can sing from the mountain tops that they are supposed to be able to generate $1MM (US$ as well I think)net a week from the Peru project when + if it starts up in 2000. SO let's get the show on the road and tell everyone about the wonderful prospects in Ghana + Mali as well as the Peru projects guys! Warrant price amendment International Tournigan Corporation ITG Shares issued 16,553,331 Jul 10 close $0.76 Mon 13 Jul 98 Miscellaneous The VSE has consented to the reduction in the exercise price of the following warrants: Special Warrants No. of warrants: 1,650,000 Wt expiry date: March 17, 1999 Forced exercise provIf the closing price for the company's shares is 96 cents or greater for 10 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$3.75 New Wt exercise pric80 cents These warrants were issued pursuant to a private placement of 1,500,000 special warrants at $2.38, which was accepted for filing by the exchange effective March 14, 1997. Agent/Broker Warrants No. of warrants: 110,000 Wt expiry date: March 17, 1999 Forced exercise provIf the closing price for the company's shares is 96 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$3.75 New Wt exercise pric80 cents These warrants were issued as a commission/finder's fee to Union Securities pursuant to the private placement described above. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com