papaa schreef:
[quote=M.A.D.W.]
Crack jij zegt op Yahoo dat UBS 10% aandeelhouder is. Maar waarom staat dit niet bij de institutionele overzicht?
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The Company has been pursuing various equity investments and following discussions over several weeks it has entered into two separate agreements on April 6, 2005. The first is a Common Stock and Warrant Purchase Agreement with UBS AG London (www.UBS.com) for 5,333,333 shares of its common stock, for total proceeds of $4,000,000. As part of this sale, the company will also issue warrants to purchase 2,666,667 shares of common stock at an exercise price of $0.825 per share. The warrants expire forty-two months after the date of issuance.
The second independent Common Stock and Warrant Purchase Agreement was also entered into on April 6, 2005 with Standard Bank PLC London (www.standardbank.com), for 3,333,333 shares of its common stock, for total proceeds of $2,500,000. As part of this sale, the company will also issue warrants to purchase 1,666,667 shares of common stock at an exercise price of $0.825 per share. The warrants expire forty-two months after the date of issuance.
The company anticipates that these financings will close within 30 days.
"As indicated in our Form 10-KSB and previous filings, we intended to raise additional capital in 2006 in order to meet our ongoing working capital needs and meet our shareholder equity requirements," said Alan Rae, O2Diesel's President and CEO. "We are very pleased to secure both of these investments from such recognized institutions adding to our institutional shareholders base and it further confirms that we are firmly on the way to securing the funds we need to execute our business plan."
dit is de reden M.A.D.W.