This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Hawk Uranium appoints Stewart to board 2009-11-02 12:29 ET - News Release Mr. Robert Stewart reports HAWK URANIUM INC. ANNOUNCES EXTENSION TO TERM OF WARRANT, APPOINTMENT OF NEW DIRECTOR Hawk Uranium Inc. has received approval from the TSX Venture Exchange for a three-year extension to the term of issued and outstanding warrants exercisable for a total of 3,333,333 common shares at an exercise price of 50 cents per share. The warrants were issued as part of a private placement that closed on Nov. 5, 2007. Since issuance, none of the warrants have been exercised and all of the warrants are outstanding.
As originally issued, these warrants had a term of two years, expiring on Nov. 5, 2009, Hawk has extended the term of these warrants for three additional years, with the result that they would expire on Nov. 4, 2012.
Hawk is also proposing a reduction in the exercise price of these warrants whereby the exercise price of the warrants would be reduced to 10 cents per share from the effective date of the amendment until Nov. 4, 2010, 15 cents per share from Nov. 5, 2010, until Nov. 4, 2011, and 20 cents per share from Nov. 5, 2011, until Nov. 4, 2012. Under exchange policies, it is a precondition that Hawk obtain the written consent of all of the warrantholders to those proposed changes and to the addition of an accelerated exercise provision that would be required under exchange policies. Hawk will be contacting the applicable warrantholders to request the required consents, but has not received consents from all warrantholders at this time. The remainder is available to Stockwatch subscribers.
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