Business
Amalgamated International Holdings SA exercises warrants of Western Geopower Corp.
Amalgamated International Holdings SA exercises warrants of Western Geopower Corp.
About this update from Polaris Renewable Energy Inc.
[{"type":"text","content":"\n\n\n\nSep. 21, 2009 (Canada NewsWire Group) -- NASSAU, Bahamas, Sept. 21 /CNW Telbec/ -- Amalgamated International Holdings SA (\"AIH\") has exercised warrants to acquire ownership of 16,995,543 common shares of WGP at a price of $0.14 per share. The 16,995,543 common shares acquired by AIH represent approximately 5.8% of the outstanding common shares of WGP.After the exercise of the warrants, AIH owns 25,995,543 common shares of WGP and 14,814,815 common share purchase warrants. If all of the warrants are exercised, AIH will have ownership of and control over 40,810,358 common shares of WGP representing approximately 13.3% of WGP's outstanding common shares.The common shares were acquired from WGP by private transaction pursuant to the exercise of warrants. AIH acquired the common shares for investment purposes, and may in accordance with applicable securities laws, increase or decrease its investment in WGP depending on market conditions and other relevant factors.\n\n\n\n","length":1118,"tagName":"div"}]