Mensa Mining Corp (EQBM)

[Murphy89]

I've been reading for months, but never posted, here is what they sent in reply to my question of what symbol the dividend will be trading under after the four months and if certificates were currently available. Not many answers, but for whatever it's worth.

Dear Client:

Thank you for your email. Equitable Mining (EQBM) is spinning off shares and warrants of Soma Petroleum Ltd (SOMA). For every 50 shares of EQBM, shareholders will receive 1 share of SOMA, 1 warrant (expiring 3/31/07), and 1 warrant (expiring 6/15/07). The Record Date for the
spin-off was 12/1/06.
The terms of the warrants are:

1 Wt plus $3.00 = 1 SOMA (expiration of March 31, 2007)
1 Wt plus $2.00 = 1 SOMA (expiration of June 15, 2007)

We have been in contact with the Depository Trust Company (DTC) and the transfer agent regarding the spin off. According to the information we obtained, the common shares will be restricted until April 16, 2007. As such they will not be DTC eligible at this time. The transfer agent has
informed us that they overnighted the shares to DTC on 12/21/06. Since these shares are restricted, DTC will not hold them and will send the certificates to Scottrade as soon as they are available. We will credit client accounts once we have received them from DTC. We have no further information at this time regarding this corporate action.

Please let us know if you have any additional questions or comments.

Sincerely,

Kevin E. Kohler
National Service Center Broker
Scottrade, Inc.