Aztore Holdings Inc. Extends Expiration Date of Series A and Series B Warrants.TEMPE, Ariz.--(BUSINESS WIRE)--May 18, 1998--Aztore Holdings Inc. (Pinks: "AZHG") (the "company") Monday announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of its Series A and B Warrants until Dec. 15, 1998. There are approximately 3,200,000 each of the Series A and B Warrants outstanding. The Series A and B Warrants will retain their original exercise prices of $.50 and $1.00 each, respectively. The company reduced the call price of the Series B Warrants to $.02 per warrant in connection with this extension. The Series A Warrants, which had been previously extended, and the Series B Warrants were both scheduled to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. June 15, 1998. The Series A Warrants retain their call price of $.02 per warrant. "The warrants have been extended to provide the warrant holders the opportunity to fairly assess the company's financial condition upon completion of our audit and obtaining trading status of the company's common stock on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. ," stated Michael S. Williams, president of the company. Aztore Holdings Inc. is a public investment company. The company's common stock is currently listed for trading in the Pink Sheets under the symbol "AZHG". The company holds investments in several companies, all of which themselves are public companies. Those public companies currently trading include Vinculum vinculum /vin·cu·lum/ (ving´ku-lum) pl. vin´cula [L.] a band or bandlike structure. vin´cula ten´dinum Inc. "VNCL"; Auction Television Network Inc. "ATVW"; Sooner Holdings Inc. "SOON"; Veritec Inc. "VRTC VRTC Vehicle Research Test Center VRTC Veterinarian and Zootechnical Research Center VRTC Victoria Rail Trail Corridor (Canada) "; Envira Minerals Inc. "ENVA ENVA École Nationale Vétérinaire d'Alfort (France) ENVA Essential Non-Value Added ". Other investments owned by the company in non-trading public companies are First Reserve Inc.; Benchmark Associates Inc.; Athana International Inc. and Tipaz Inc. The company also conducts a consulting and advisory business through Bulldog bulldog, breed of thick-set nonsporting dog developed in the British Isles many centuries ago. It stands from 13 to 15 in. (33–38.1 cm) high at the shoulder and weighs from 40 to 50 lb (18.1–22.7 kg). Advisors, a division of the company. The company currently has approximately 3,200,000 shares of common stock outstanding. In addition to the Series A and B Warrants, there are also approximately 3,200,000 Series C Warrants outstanding, with exercise prices of $1.50 per warrant and expiring June 15, 2000. The call price of the Series C Warrants is $.05 per warrant. The company's office is located at 2117 S. 48th Street, Suite 105, Tempe, AZ 85282-1016. The company's phone number is 602/438-1850 and its fax number is 602/438-7392. Certain matters discussed within this press release may be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumption, it can give no assurances that its expectations will be attained. The company has no obligation to update the statements contained in this report or to take action that is described herein or otherwise presently planned. CONTACT: Aztore Holdings Inc., Tempe Michael S. Williams, 602/438-1850 |
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