Key points
- The company executed a supplemental indenture extending the exercise period of one million warrants issued under a warrant indenture dated June 26, 1996 with Montreal Trust Company of Canada.
- Each warrant entitles the holder to purchase one share at $11 per share.
- The exercise period was extended from June 26, 1997 to the earlier of June 26, 1998 or 30 days after the 10-day weighted average share price on the TSE exceeds $12.94.
The company has executed a supplemental indenture for the purpose of extending the exercise period of one million warrants issued
pursuant to a warrant indenture dated June 26 1996 between the company and Montreal Trust Company of Canada. Each warrant entitles the holder to purchase one share at $11 per share. The exercise period has been extended from June 26 1997 to the earlier of (i) June 26 1998 and (ii) the 30th day after the date upon which the weighted average price per
share for 10 consecutive trading days on the TSE exceeds $12.94.
