Aztore Holdings Inc. Extends Expiration Date of Series B and Series C Warrants.Business Editors PHOENIX--(BUSINESS WIRE)--June 5, 2002 Aztore Holdings Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AZHG) Wednesday announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 and Series C Warrants to Dec. 15, 2002. These warrants were scheduled to expire on June 15, 2002. There are currently 2,775,806 Series B Warrants and 2,888,312 Series C Warrants outstanding. The Series B and Series C Warrants will retain their original exercise prices of $1.00 and $1.50 per warrant, respectively. The Series B and Series C Warrants may be redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. by Aztore at a $.02 per warrant redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. . About Aztore Aztore Holdings Inc. is a closed-end, management investment company which specializes in investing and lending to small companies with high growth potential and/or which are financially extended. Aztore holds direct and indirect interests in approximately 30 companies. Aztore 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. Aztore has 10,960,879 shares of common stock outstanding. Aztore is located at 14647 S. 50th Street, Suite 130, Phoenix, AZ 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 we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, no assurances can be given that the expectations will be attained. Forward-looking statements are inherently uncertain and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect our ability to achieve projected results include, among others, uncertainties inherent in valuation estimations and the realizability of investments, the highly speculative nature of our investment targets and limited capital. We have 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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