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Article: Alhambra Resources Ltd.: Warrant Exercise Retires Subordinated Secured Promissory Notes.
- Article from:
- Marketwire Canada
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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CALGARY, ALBERTA, Oct 30, 2009 (Marketwire via COMTEX) -- Alhambra Resources Ltd. (TSX VENTURE:ALH)(FRANKFURT:A4Y) ("Alhambra" or the "Corporation") announces that certain share purchase warrants (the "Warrants") associated with the previously issued 20% $675,000 subordinated secured promissory notes (the "Notes") have been exercised.
Of the 5,400,000 common shares which were available for purchase pursuant to the Warrants, 5,300,274 common shares were actually purchased for gross proceeds of $790,055 and of which 1,620,274 common shares were purchased by insiders of the Corporation. Post conversion, the Corporation now has 81,074,421 issued and outstanding ...