Envoy reminds warrantholders of 2009 expiry date
Envoy Communications Group Inc (2) (C:ECG)
Shares Issued 10,419,032
Last Close 3/12/2007 $3.73
Tuesday March 13 2007 - News Release
Mr. Geoffrey Genovese reports
ENVOY COMMUNICATIONS GROUP INC. - CLARIFICATION OF ISSUED AND OUTSTANDING WARRANTS
In response to questions received from shareholders and warrantholders, Envoy Communications Group Inc. is clarifying certain terms and conditions of its outstanding warrants issued under a warrant indenture dated Feb. 20, 2004.
There are currently 27,631,585 issued and outstanding warrants. A warrantholder is required to exercise five whole warrants in order to purchase one common share for a price of $9.00 per common share. The warrants expire on Feb. 20, 2009. As provided in the warrant indenture, fractional shares will not be issued upon the exercise of warrants. Envoy has set aside 5,526,317 common shares for possible future issuance relating to the outstanding warrants.
© 2007 Canjex Publishing Ltd.
