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Warrant Symbol - AQT.WT.A
Number  Trading - 4,000,000
Expiration Date - March 3 1997
Cusip - 03839A 11 6

Warrants called to trade news:
 
1996-02-28 16:39 MT - SMF Date Price Fixed
 
Effective date:  February 14 1996
Offering date:  February 29 1996
Expiry date:  August 1 1996
Offering:  2,000,000 units (each consisting of one share and two series A warrants; two warrants to purchase one share)
Price:  $0.60
Agent:  Canaccord
Wt exercise price:  $0.60 to March 3 1997
Warrant term:  Two series A warrants to purchase one share for one year
Agents warrants:  500,000 warrants (one warrant to purchase one share at $0.60 to March 3 1997)
Agents commission:  7.5%
Greenshoe option:  15% at $0.555 net to April 29 1996
Secondary offering:  350,000 shares previously issued to the shareholders, as well as an additional 350,000 shares which may be acquired by the exercise of warrants. None of the proceeds of this offering will accrue to the company.
 
Transfer agent:  R-M Trust
Wt symbol:  AQT.WT.A
Wt security No:  875397
Wt cusip No:  03839A 11 6
Unit security No:  840073

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