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Warrant Symbol - AMI.WT
Number  Trading - 465,865
Expiration Date -
Cusip - 02931H 11 0

Warrants called to trade news:



1989-02-24 15:33 MT - Miscellaneous

Further to the VSE notice of February 23 1989, the amalgamation of the company's wholly-owned subsidiary, ARM Subco Limited and Associated Porcupine Mines has completed.

The listing requirements for the listing of the merger warrants on the VSE have been satisfied but the requirements for listing on the Montreal exchange were not met.

The warrant indenture contains anti-dilution provisions including, among other things, provisions for adjustments in the exercise price of shares issuable pursuant to any exercise of the merger warrants upon the occurrence of certain events including, among other things, the issue of additional shares of the company or securities convertible or exchangeable into shares of the company at less than 95% of the current market price (as defined in the warrant indenture).

Pursuant to an undertaking dated February 24 1989 to the VSE the company undertakes not to issue any common shares of the company that would cause adjustment to the exercise price of the merger warrants unless it has:

Convened a meeting of the warrant holders in accordance with the warrant indenture at which an extraordinary resolution has passed to amend the anti-dilution provisons contained in the warrant indenture; or

Obtained prior approval of the VSE to issue such common shares.
Effective at the opening February 28 1989, the merger warrants will be posted and called for trade on the VSE.
 
Capitalization:  465,865 warrants with no par value of which 465,865 warrants are issued andoutstanding
Trading symbol:  AMI.WT
Security No:  875079
Cusip No:  02931H 11 0





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