Canadian Warrants

Warrant Symbol -
Number  Trading - 200,000
Expiration Date - November 11 1995
Cusip - 45942T 11 0

Warrants called to trade news:
 
1993-11-10 17:00 MT - SMF Date Price Fixed
 
Effective date:  October 28 1993
Expiry date:  April 26 1994
Offering date:  November 11 1993
Offering:  200,000 units consisting of one share and one non-transferable warrant; 500,000 shares at a minimum price of $5.875
Unit price:  $7.25
Wt to buy one share:  Two
Wt exercise price:  $7.25 in year one; $7.875 in year two
Wt expiry date:  Two years from offering date
Agents:  Canaccord and Pacific International, each as 100,000 units and 250,000 shares
Agents Wt:  For 50,000 shares
Wt exercise price:  $7.25 in year one; $7.875 in year two
Wt expiry date:  Two years from offering date
Best eff offering:  500,000 shares at $5.875 to April 26 1994
Transfer agent:  Montreal Trust Company of Canada
Wt Sec No:  896668
Wt Cusip No:  45942T 11 0
Unit Sec No:  857285