BCAM International, Inc. extends the expiration date of class B and class E warrants.MELVILLE, N.Y.--(BUSINESS WIRE)--Dec. 23, 1996--BCAM International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BCAM BCAM Broad Contemporary Art Museum BCAM Basic Communication Access Method BCAM B-Cell Adhesion Molecule BCAM Boston Company Asset Management, LLC BCAM Business Computer-Aided Manufacturing BCAM Bank Cost Analysis Model ), today announced that it will extend the January January: see month. 16, 1997 expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 Class B and Class E Warrants, to January 17, 1998. The conversion rates and conversion prices for these securities will be as follows: Class B Warrants (NASDAQ: BCAML) will have a conversion rate of 1.2 shares of common stock per Class B Warrant, the conversion price will be $1.50 up to the expiration date January 17, 1998. Class E Warrants (NASDAQ: BCAMZ) have a conversion rate of 1.1 shares of common stock per Class E Warrant and the conversion price will be $1.25 up to the expiration date January 17, 1998. The Class B and Class E warrants are subject to redemption by the Company at any time, on not less than 30 days prior written notice at $.05 per Warrant if: (1) the average Exercise Price of the Common Stock exceeds the applicable average closing bid price for any period of 30 consecutive business days ending within 15 days prior to the date of the notice of redemption , and (2) the Company has in effect a current prospectus covering the Common Stock issuable upon exercise of the Class B and Class E Warrants. BCAM International, Inc. is a software technology company, specializing in ergonomic ergonomic - Concerning ergonomics or exhibitting good ergonimics. solutions for major industries and governments. CONTACTS: Michael Strauss BCAM International, Inc. (516) 752-3550 or Stanley Stanley, town (1991 pop. 1,557), capital of the Falkland Islands, S Atlantic Ocean, on East Falkland island. It is the main port and trading center of the islands. The name is sometimes written as Port Stanley. Altschuler/Donald Weinberger Strategic Growth International, Inc. (516) 829-7111 |
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