To: Ruyi who wrote (8297 ) 2/1/1999 9:52:00 PM From: Sili Investor Read Replies (3) | Respond to
>>>I notice BII still haven't announced a closing on their last private placement. Each Special Warrant entitles the holder thereof to acquire, for no additional consideration, and subject to adjustment as described below, one Unit consisting of one Common Share and one-quarter of one Share Purchase Warrant, before 5:00 p.m. (Toronto time) on the date (the "Expiry Time") which is the earlier of (i) the date which is five (5) business days after the date on which a receipt (the "Receipt Date") for this prospectus has been issued by the last of the securities regulatory authorities in the Provinces of Ontario, British Columbia and Alberta (the "Qualifying Jurisdictions"), and (ii) November 30, 1999. Any Special Warrants not exercised on or before the Expiry Time shall be deemed to be exercised immediately prior to the Expiry Time without any further action by the holder. In the event the Company has not received a receipt for this prospectus from the relevant Qualifying Jurisdictions by 5:00 p.m. (Toronto time) on February 28, 1999 (the "Qualification Deadline"), the Special Warrants will thereafter entitle such holder to receive, for no additional consideration, 1.05 Units (in lieu of one Unit).
