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 : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (12693)	10/7/1998 5:40:00 PM
From: SofaSpud	Read Replies (5) \| Respond to of 15196

FINANCING / Pyramid Energy extends warrants PYRAMID ENERGY INC. CALGARY, Oct. 7 /CNW/ - PYRAMID ENERGY INC. announces that it has extended the Expiry Dates for the exercise of: 1. Warrants to purchase up to 6,332,915 Common Shares at an exercise price of 70 cents per share, exercisable on or before October 14, 1998 (the ''Major Transaction Purchase Warrants'') to October 31, 1999, and 2. Warrants to purchase up to 617,500 Common Shares at an exercise price of 52.63 cents per share, exercisable on or before October 31, 1998 (the ''Canadian Delta Purchase Warrants'') to October 31, 1999. These extensions have been conditionally approved by the Alberta Stock Exchange and are subject to the specific condition that the warrants may not be exercised after the original Expiry Dates unless and until shareholders holding in the aggregate not less than 50.01% of the issued Common Shares, excluding shareholders who are also holders of those warrants consent to these extensions. The Corporation intends to call a special meeting of shareholders to approve the resolutions in the near future. If the resolutions approving the extensions are not passed by the requisite majority of the shareholders or their written consent cannot be obtained, the right of holders of the warrants to exercise those warrants will expire on their respective original Expiry Dates. In all other respects the purchase warrants remain unamended. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. -30- For further information: A.D. (Tony) Anton, (403) 531-9027