Canadian Warrants

Shareholders of Galveston, International Corona, Mascot and Royex at special meetings held June 3 1988 approved the amalgamation by way of arrangment of the four new companies with Lacana Mining Corporation, PezCorona Gold Corporation, New Venture Equities Inc, and Blackbird Resources Inc, to form a continuing company under the name of Corona Corporation. The amalgamation is to become effective July 1 1988.

When the amalgamation becomes effective, the shares of the amalgamating companies, other than those held by the other amalgamating companies, will be converted into shares of Corona on the following basis.

Galveston:. 0.43 class A subordinate voting shares of Corona for each one class A share of Galveston and 0.43 class B common shares of Corona for each one class B common share of Galveston.

Int'l Corona:. One class A share for each one common share of International Corona
Lacana:. 1.32 class A shares for each one Lacana common share
Mascot:. 1.11 class A share for each Mascot common share
Royex:. 0.61 class A share for each one Royex common share; one convertible first preference share, series A of Corona for each one Royex series A first preference share; one convertible first preference share, series B of Corona for each one Royex series B preference share; and one convertible first preference share, series C of Corona for each on Royex series C preference share.

Letters of transmittal are to be mailed on or about July 1 1988 to shareholders of the amalgamating companies requesting them to deliver their share certificates to the Canada Trust Company at its principal office in Toronto, Montreal, Vancouver or Calgary in exchange for certificates representing the shares of Corona to which they are entitled under the terms of the amalgamation.

Effective at the opening, July 4 1988, the class A shares, class B shares, series A preference shares, series B preference shares and series C preference shares of Corona Corporation will be posted and called for trading and the presently listed shares of Galveston, International Corona, Mascot and Royex will be delisted. The company is, under the rules of the exchange, an exempt company.
CLASS A SHARES
 
Capitalization:  Unlimited shares with no par value of which it is estimated there will be117,612,433 shares issued and outstanding
Symbol:  ICR.A
Security No:  201845
Cusip No:  21973D 10 0
 
Capitalization:  Unlimited shares with no par value of which it is estimated there will be8,641,739 shares issued and outstanding
Symbol:  ICR.B
Security No:  201846
Cusip No:  21973D 20 9
  
Capitalization:  Unoimited shares with no par value of which it is estimated there will be1,135,750 shares issued and outstanding
Symbol:  ICR.PR.A
Security No:  201847
Cusip No:  
  
Capitalization:  Unlimite shares with no par value of which it is estimated there will be2,926,786 shares issued and outstanding
Symbol:  ICR.PR.B
Security No:  201848
Cusip No:  21973D 40 7
 
Capitalization:  Unlimited shares with no par value of which it is estimated there will be2,768,593 shares issued and outstanding
Symbol:  ICR.PR.C
 
Cusip No:  21973D 50 6
 
Capitalization:  3,627,107 (estimated) issued and outstanding
Symbol:  ICR.WT.Y
Security No:  883471
Cusip No:  21973D 11 8
 CORONA R92 WARRANTS
Capitalization:  3,225,083 (estimated) issued and outstanding
Symbol:  ICR.WT.R
Security No:  883472
Cusip No:  21973D 14 2
 
Capitalization:  451,533 (estimated) issued and outstanding
Symbol:  ICR.WT.I
Security No:  883473
Cusip No:  21973D 15 9
  
Capitalization:  1,140,938 (estimated) issued and outstanding
Symbol:  ICR.WT.P
Security No:  883474
Cusip No:  21973D 12 6
 
Capitalization:  14,073,233 (estimated) issued and outstanding
Symbol:  ICR.WT
Security No:  883470
Cusip No:  21973D 13 4
 
1988-06-24 15:50 MT - Warrants Called to Trade
Also Miscellaneous (C-GAL) Galveston Resources Ltd
Also Miscellaneous (C-RGM) Royex Gold Mining Corporation
 
Galveston Resources Ltd (GAL.A)
Royex Gold Mining Corporation (RGM)
Effective at the opening, June 27 1988, the share purchase warrants of Corona Corporationwill be posted and called for trading on the VSE. These warrants are to be distributed to shareholders of Galveston, International Corona and Royex as described below.
Galveston, Int'l Corona and Royex have each announced a distribution of warrants to shareholders of record at the close of business on June 30 1988 (record date).
Holders of Galveston class A subordinate voting shares or class B common shares on the record date will be entitled to receive one warrant exercisable for class A shares of Galveston for each 23 class A shares or each 23 class B shares held on the record date. One Galveston warrant entitles the holder to purchase 2.3255 class A shares of Galveston at $5.16 per share, commencing after July 15 1988, until 4:00 p.m., June 30 1990.
Holders of Int'l Corona common shares on the record date will be entitled to receive one warrant exercisable for common shares of Corona for each six common shares held on the record date. One Int'l Corona warrant entitles the holder to purchase one common share at $12.00 per share, commencing after July 15 1988, until 4:00 p.m. June 30 1988.
Holders of Royex common shares on the record date will be entitled to receive one warrant exercisable for com mon shares of Royex for each 13 common shares held on the record date. One Royex warrant entitles the holder to purchase 1.6393 Royex common share at $7.32 per share, commencing after July 15 1988 until 4:00 p.m., June 30 1990.
A plan of arrangement between Galveston, Int'l Corona, Royex, Mascot Gold Mines Limited, Lacana Mining Corporation, PezCorona Gold Corporation, New Venture Equities Inc and Blackbird Resources Inc is scheduled to become effective July 1 1988 with the resultant corporation being Corona Corporation. Upon the arrangement becoming effective, each of the Galveston warrants, Int'l Corona warrants and Royex warrants will entitle the holder to purchase one class A subordinate voting share of Corona for $12.00 commencing after July 15 1988 until 4:00 p.m., June 30 1990. Provided that the arrangement becomes effective on July 1 1988, certificates for the Galveston warrants, Int'l Corona warrants and Royex warrants shall not be issued and holders shall instead be entitled to receive certificates representing the ICR warrants. For this reason, and because the Galveston warrants, Int'l Corona warrants and Royex warrants are not exercisable until after the effective date of the arrangement, the Galveston warrants, Int'l Corona warrants and Royex warrants will trade together under a single listing of ICR warrants. It is expected that ICR warrant certificates will be mailed to shareholders on or about July 4 1988.
In view of the foregoing, the class A and B shares of Galveston, the Royex common shares and the Int'l Corona warrants will all commence trading on an ex-warrant basis at the opening, June 27 1988, at which time the ICR warrants will be posted on a when distributed basis.
Record date:  June 30 1988
Ex-Warrants date:  June 27 1988
Trading symbol:  ICR.WT
Security No:  883470
Cusip No:  21973D 13 4
Transfer agent:  Canada Trust Company
 
1986-09-29 01:00 MT - Warrants Called to Trade

Effective at the opening September 30, 1986, subject to formal closing prior thereto, the 1996 warrants of the company will be posted and called for trading on the VSE.
 
Capitalization:  1,650,000 warrants of which 1,650,000 are issuedand outstanding
Transfer agent:  Guaranty Trust Company of Canada
Trading symbol:  ICR.WT.A
Security No:  896659
Cusip No:  459818 15 8

1985-08-21 01:00 MT - Warrants Called to Trade

Effective at the opening, August 22, 1985 the common share purchase warrants issued as a result of the New Venture Equities acquisition, will be posted and called for trading on the Vancouver stock exchange. Capitalization: 938,253 warrants are authorized of which 838,253 are issued and outstanding.

Symbol: ICR.WT
Security No: 896660

Transfer agent: Guaranty Trust Company of Canada