Statement of Extension of Warrant Exercise Date for 2006 Private Placement Warrants
Contract Categories:
Business Finance
›
Warrant Agreements
Summary
This document states that the company and its Board of Directors have extended the expiration date for 6,000,000 second tranche warrants, originally issued as part of the company's 2006 Private Placement Offering. The expiration date has been moved from November 30, 2006, to March 1, 2007. These warrants, prior to a December 2006 reverse stock split, were exercisable for 600,000,000 shares of common stock.
EX-10.205.1 4 a28598exv10w205w1.htm EXHIBIT 10.205.1 Exhibit 10.205.1
Exhibit 10.205.1
STATEMENT OF EXTENSION OF WARRANT EXERCISE DATE
On November 3, 2006 the Company and its Board of Directors unilaterally extended the expiration date of the 6,000,000 second tranche warrants issued in connection with the Company’s 2006 Private Placement Offering to March 1, 2007. The second tranche warrants previously were set to expire November 30, 2006.
Before the Company’s December 2006 1-for-100 reverse stock split, these warrants had been exercisable for 600,000,000 shares of common stock.
