Canadian Warrants

Warrant Symbol - IVY.WT.A
Number  Trading - 1,500,000
Expiration Date - July 18 1996
Cusip - 465901 12 2

Warrants called to trade news:
 
1995-07-17 15:57 MT - SMF Date Price Fixed
 
Effective date:  July 7 1995
Offering date:  July 18 1995
Expiry date:  January 3 1996
Offering:  1,500,000 units consisting of one share and one series A warrant
Price:  $1.35
Wt exercise price:  $1.35
Wt term:  Two A warrants to purchase one share to July 18 1996
Agents:  Canaccord
Agents Wt:  For 375,000 shares
Wt exercise price:  $1.35 to July 18 1996
Secondary offering:  500,000 previously issued shares
Transfer agent:  Pacific Corporate Trust
Wt trading symbol:  IVY.WT.A
Wt Security No:  898299
Wt Cusip No:  465901 12 2
Unit security No:  859624