BCAM International, Inc. extends the expiration date of class B and class E warrants.
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 solutions for major industries and governments.
CONTACTS: Michael Strauss
BCAM International, Inc.
Stanley Altschuler/Donald Weinberger
Strategic Growth International, Inc.
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|Date:||Dec 23, 1996|
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