CryptoLogic Inc. company update.TORONTO--(BUSINESS WIRE)--May 7, 1997-- CryptoLogic Inc. (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. :CRYP CRYP Cheyenne River Youth Project (Eagle Butte, SD) .) Cryptologic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log announced today that it was
served with a Notice of Application by David Lowry a director of the
Company and its largest single shareholder, and his company 72779
Alberta Ltd., requesting the Ontario General Court to declare the Class
A Warrant previously issued to the founders of the Company, Andrew
Rivkin and Mark Rivkin, to be void, and requesting that Andrew Rivkin
Mark Rivkin Ted Cohen cohenor kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. and Milt Moskowitz be removed as directors of the Company. The Class A Warrant entitles the holder to purchase a number of common shares at $0.50 per share provided the Company earns $5 million within 5 years beginning January 1996. The number of shares that may be purchased, equals that number, which when added to 1.2 million shares equals 1/2 of the number of the issued and outstanding shares of the Company at the time of exercise. The A Warrant was previously described in the Information Circular sent to the Company shareholders in January 1996. The Company will oppose this application. CryptoLogic Inc. trades on the CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. under the symbol CRYP CONTACT: CryptoLogic Inc. Andrew Rivkin, 416/920-9636 Robert Stikeman, 416/367-1930 |
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