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Gold/Mining/Energy : Battle Mountain Gold (BMG) -- Ignore unavailable to you. Want to Upgrade?

To: Martin Wormser who wrote (47)	9/12/1998 12:03:00 PM
From: Gary R. Owens	Read Replies (2) \| Respond to of 174

Martin, I got the information from the annual report. bmgold.com Convertible Preferred Stock At December 31, 1997, the Company had outstanding 2.3 million shares of its convertible preferred stock with a liquidation preference of $50 per share, plus any accrued and unpaid dividends. Each share of preferred stock pays annual cumulative dividends of $3.75, is convertible at any time at the option of the holder into 4.762 shares of BMG common stock, and effective May 15, 1996, is redeemable at the option of the Company solely for shares of BMG common stock. THere are approximately 11 million shares of BMG common stock reserved for issuance upon conversion of the preferred stock. ------------------ I had to type it out because the article is in PDF and I can't cut&paste. gary