Resolutions Passed at Bondholders' Meeting
(Thomson Reuters ONE) - Approval of Farm-out Transaction, Proposed Changes to Loan Agreementand Issue of WarrantsA Bondholders' Meeting in relation to Artumas Group Inc.'s("Artumas") convertible loan 2009/2010 was held today, Monday 12October 2009. The proposed resolutions as set out in the summons forthe Bondholders' Meeting dated 2 October 2009 were approved by therequired majority. Reference is made to the Artumas' press releasedated 2 October 2009.Please note that due to the 100:1 share consolidation approved at theArtumas annual general meeting on 9 October 2009, consequentialchanges have been made to the warrants to be issued to theBondholders. The Bondholders are being granted 5,600,000 (fivemillion, six hundred thousand) warrants whereby each warrant givesthe holder the right to subscribe for 1.71 common shares in Artumasat a subscription price of NOK 3.75 per share (the "Warrants". Ifall of the Warrants are exercised, 9,576,000 (nine million, fivehundred and seventy six thousand) new common shares in Artumas willbe issued (in aggregate). The Warrants must be exercised on or priorto 1 October 2010.http://hugin.info/136496/R/1346938/323687.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.10.2009 - 13:43 Uhr
Sprache: Deutsch
News-ID 6804
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