$4 Million Special Warrants Offering - Underwritten.TORONTO--(BUSINESS WIRE)--Jan. 24, 1997-- (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : ASQH) Asquith As·quith , Herbert Henry. First Earl of Oxford and Asquith. 1852-1928. British Liberal politician and prime minister (1908-1916) who introduced unemployment insurance and old-age pensions and supported the Parliament Act of 1911, which established Resources Inc. ("Asquith") announced today that it has entered into an amending agreement with Midland Walwyn Capital Inc. ("Midland") regarding the terms of the Special Warrants offering announced on January January: see month. 22, 1997. Midland will now act as the underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. of the offering. Midland will sell via private placement, on an underwritten basis, 2 million Special Warrants at $2.00 per Special Warrant. In addition, Asquith has granted Midland the option to increase the size of the Special Warrants offering by purchasing up to an additional 400,000 Special Warrants at a price of $2.00 per Special Warrant at any time before closing of the offering. The offering is scheduled to close on or about February February: see month. 11, 1997. Each Special Warrant will be convertible, for no additional consideration, into one common share of Asquith. In the event that Midland takes up its option to purchase the additional 400,000 Special Warrants, the offering will increase to a total of 2,400,000 Special Warrants and generate gross proceeds to Asquith of $4.8 million. All other terms of the offer remain in effect. CONTACT: Asquith Resources Inc. Michael D. Coulter, 416/ 368-0993. |
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