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Warrants Alert

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Warrant Symbol - TXP.WT
Number  Trading -
Expiration Date -
Cusip - 881911 11 9

Warrants called to trade news:
1996-03-28 17:17 MT - SMF Approved
The company's statement of material facts dated March 27 1996 has been filed and accepted by the BC Securities Commission executive director and the VSE pursuant to the provisions of the Securities Act (BC). This statement of material facts qualifies the distribution of 5,391,338 units. Each unit comprises one share and one warrant. Upon issuance, the units will be immediately separated into shares and warrants. The deemed price of the special warrants is $0.60, which special warrants were previously issued under a private placement. No additional consideration will be received by the company upon the issuance of shares. The units will be crossed through VCT on March 29 1996, the deemed exercise date of the special warrants. Warrants (5,391,338) will be posted and called for trading March 29 1996.
Effective date:  March 29 1996
Wt symbol:  TXP.WT
Wt cusip No:  881911 11 9
Wt security No:  915291
Unit symbol:  TXP.UN
Unit cusip No:  881911 20 0
Unit security code:  871856
Agent:  Haywood Securities

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