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Article: POWER PLUS Reduces Purchase Price and Extends Expiry Date of Share Purchase Warrants
- Article from:
- PR Newswire
- Article date:
- April 24, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, April 24 /PRNewswire/ -- Power Plus Corporation (Nasdaq: PPCO) today announced that it has obtained conditional regulatory approval to a reduction in the purchase price and an extension of the expiry date of its outstanding Class "A" and Class "B" share purchase warrants, which were to expire on April 30, 1997.
Each of the 2,238,281 Class "A" share purchase warrants shall now entitle holders to purchase for $2.00, instead of $2.50, one common share and one Class "AA" share purchase warrant. The Class "A" share purchase warrants will now expire June 30, 1997 as opposed to April 30th. The exercise of the Class "A" share purchase warrants could ...