Shareholders of Exall Resources (TSE) have exercised warrants to buy 979,846 shares for proceeds of $736,362.
The warrants were part of a 1992 Offering Memorandum which initially provided financing for the company.
Exall President Stephen Roman exercised warrants to buy 750,00 shares at 75 cents per share, which increases his share ownership to 2.3 million (16.1%) from 1.5 million (11.6%) of the 14.2 million shares issued and outstanding. The funds will be added to Exall’s working capital for development of ongoing projects.
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