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Warrant Symbol -
Number  Trading - 12,340,960
Expiration Date - December 31 1992
Cusip - 730361 13 6

Warrants called to trade news:
Share exchange and new issue
1991-06-07 10:05 MT - Miscellaneous
Reference is made to the Montreal bulletin dated May 22 1991. The Montreal exchange has been informed that the plan of arrangement between Poco Petroleums and Voyager Energy has been approved by holders of Voyager common shares and the court, and that a certificate of arrangement has been issued effective June 1 1991.

Under the terms of the plan of arrangement, each holder of Voyager common shares will receive the following:

1.. For each Voyager common share, the holder will receive 0.85 common shares of the company;
2.. Each Voyager warrant will be deemed to represent a share purchase warrant of Poco, and each two warrants of Poco entitle the holder to purchase one common share at $9.00 on or before December 31 1992.

At the opening of business on June 10 1991, approximately 16,974,762 common shares of Poco will be listed, of which 16,940,762 are issued in exchange for the common shares of Voyager not held by Poco and 34,000 will be reserved for issuance pursuant to the exercise of stock options. A maximum of 12,340,960 warrants of Poco, other than those held by Poco, will be admitted to trading in exchange for the outstanding warrants of Voyager and an additional 5,244,908 common shares of Poco will be listed as reserved for issuance pursuant to the exercise of the warrants.
Wt Cusip No:  730361 13 6
Underlying security:  Common shares
Expiry date:  5:00 pm local time on December 31 1992
Trustee:  Montreal Trust

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