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Warrants Alert

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Warrant Symbol - PGU.WT
Number  Trading - one million
Expiration Date - July 5 1993
Cusip -
Exercise Price - $17.50

Warrants Called to Trade News:

1991-09-10 07:26 MT - Warrants Called to Trade

The common shares and warrants comprising the units will trade separately commencing at the opening of business, September 10 1991, at which time the units will be delisted.

1991-09-09 12:35 MT - Warrants Called to Trade

The company, listed on July 16 1991, offered for sale to the public July 3 1991, three million units at $15.50 per unit. The unlisted units, which comprise one common share and one-third of a purchase warrant, will separate on September 16 1991. Consequently, September 16 1991 has been set as the record and distribution date for the warrants of the company. The definitive warrant certificates will be mailed to registered unitholders on or about September 16 1991 and the legended share certificates which represent the units will thereafter represent only the common shares. In total, three million units will be separated into three million common shares and one million warrants.

Accordingly, effective at the opening of business on September 10 1991, the warrants will be admitted to trading on the Montreal exchange on a when issued basis and a notice confirming their regular trading will be issued upon receiving confirmation of the exact mailing date of the warrant certificates.

The warrants will be issued in bearer form and will entitle the holder to subscribe for common shares at any time after the close of business on September 16 1991 until 4:00pm local time on July 5 1993, after which the warrants will be null and void. Each whole warrant will entitle the holder to purchase one common share at $17.50.

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