Aztore Holdings Inc. Extends Expiration Date of Series B Warrants; Notifies Shareholders of Series a Warrant Expiration.Business Editors PHOENIX--(BUSINESS WIRE)--April 4, 2000 Aztore Holdings Inc. (the "Company") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AZHG) Tuesday announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 B Warrants until June 15, 2000. The Series B Warrants were 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. April 30, 2000. There are currently 2,811,534 Series B Warrants outstanding. As of March 31, 2000, a total of 77,674 Series B Warrants have been exercised. The Series B Warrants will retain their original exercise price of $1.00 and call price of $.02 per warrant. The Company also announced today that it will not extend the expiration date of its outstanding Series A Warrants beyond April 30, 2000. There are currently 2,448,108 Series A Warrants outstanding. As of March 31, 2000, a total of 440,650 Series A Warrants have been exercised. The Series A Warrants have an exercise price of $.50 per warrant and a call price of $.02 per warrant. Michael S. Williams, Aztore's president, stated, "The Company's board determined that any further extension of the expiration date of the Series A Warrants would be inappropriate because of significant improvements in the Company's net asset value in our Portfolio Company investments. "We will have our Portfolio Company investments and financial information available to all shareholders and posted on our Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the web site at www.Aztore.com by approximately April 15, 2000. Shareholders can also contact the Company and we will send them this information," continued Williams. About Aztore. Aztore Holdings Inc. is a closed-end, management investment company which specializes in investing and lending to small public companies with high growth potential and/or which are financially extended. The Company also acts as a merchant and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. and as a consultant. With the recent exercise of some of the Series A and Series B Warrants, the Company currently has 8,450,638 shares of common stock outstanding, as well as 2,889,052 Series C Warrants outstanding. The Series C Warrants have an exercise price of $1.50 per warrant and are currently scheduled to expire on June 15, 2000. The Company is located at 3710 East Kent Drive, Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. 85044 and its telephone number is 480/759-9400. 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. . Certain matters discussed within this press release may be forward-looking statements 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. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. . Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company's ability to achieve projected results including, among others, uncertainties inherent in valuation estimations and the realizability of investments, the highly speculative nature of the Company's investment targets and limited capital. The Company has no obligation to update the statements contained in this release or to take action that is described herein or otherwise presently planned. |
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