Reflection becomes second nature, or an automatic exercise
that has a purpose.
The maximum number of shares received related to the automatic exercise
of the Class B warrants, if any, is one share per Class B warrant and will be determined by the stock price of the common stock prior to the termination date.
All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as the release of the proceeds of the private placement by the escrow agent to Vista; the automatic exercise
of the Special Warrants; Vista's future business strategy, competitive strengths, goals, operations, plans, and potential project development; and other such matters are forward-looking statements and forward-looking information.
The company said that, should there be any settlement related to the automatic exercise
of the warrants on June 15, 2009, it has elected, pursuant to Section 3.
00 per common share for a period of 24 months, subject to a forced exercise provision whereby Titan can call the automatic exercise
of the warrants should Titan's common shares trade on the Exchange at a price of $4.
This timetable is meant to promote an orderly, automatic exercise
process, avoiding the sale of a large block of shares all at once.
One other interesting tidbit to keep in mind is a new rule that requires the automatic exercise
of options that are slightly in-the-money when they expire.
TSX: CCH, OTC Bulletin Board: CBLRF) ("Campbell") announces that since it was not able to give prior notice of the implementation of its rights offering to its shareholders within the time prescribed under the rules of the Toronto Stock Exchange, it is required to extend such rights offering to all its shareholders, including the subscribers of special warrants who became shareholders upon the automatic exercise
of 125,000,000 Campbell special warrants on September 27, 2006.
If the agreements are not extended or if a replacement put option facility is not obtained, there will be an automatic exercise
of the put to WestLB.
49 per share (assuming conversion of outstanding shares of preferred stock and automatic exercise
of warrants from date of original issuance).
Confirming Automatic Exercise
of Conversion Warrants
Following the completion of the Silver Wheaton transaction and the automatic exercise
of the previously issued subscription receipts, Silver Wheaton will have approximately 724 million common shares and 87.