DowJones.com: Corel Corp. Could Raise Added C$16.6 Million In Share OfferJun 13, 2000, 19:52 (0 Talkback[s])
(Other stories by Judy McKinnon)
"Corel Corp. (CORL) could raise up to another C$16.6 million as a result of the issue of half warrants in its previously announced financing with Cannacord Capital Corp."
"In a news release, Corel said a half warrant will be issued to the purchasers of shares because a final prospectus wasn't issued within 10 business days following the filing of the preliminary prospectus. It said each whole warrant entitles the purchaser to one additional share at C$4.56 within a 12-month period."
"Corel said that, if all the warrants are exercised, it will issue another 3,649,635 common shares, resulting in gross proceeds of C$16,642,336."