Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share dividend is declared with an Aug 15, 1988 record date.
The new subscription price will be effective from Aug 16, the company says. It says the adjusted subscription price has been determined in
accordance with the terms of the warrant indenture. If the Falconbridge takeover bid for McIntyre Mines (TSE) expires as scheduled Aug 4 this year, the dividend will be declared payable on Aug 22, to shareholders of record Aug 15.
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