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amarksp

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amarksp

Re: amarksp post# 163

Thursday, 05/19/2005 10:47:12 AM

Thursday, May 19, 2005 10:47:12 AM

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CONRAP Debt Restructuring:

This is positive news:

*Reversal of $2.3M adds US$.057 to Net Book Value per share.

*Also, US$.057 will be added to earnings per share this quarter as the prior interest expense recorded is reversed.

($2.3M/40,243,451 shares = US$.057)

* The existing Long Term CONRAP debt will be paid off over 32 months at 0% interest. Also favorable.

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