Warrant exercise noticeWavefront Energy & Environmental Services Inc. - (Triggering Event)EDMONTON, March 3 /CNW/ - Wavefront Energy and Environmental Services Inc. ("Wavefront"), a leader in technology development and implementation for improved oil recovery and optimized groundwater remediation wishes to announce that a common share purchase warrant Triggering Event has occurred in relation to the 2,492,838 common share purchase warrants issued by the Company on December 24, 2007 and the 4,820,526 common share purchase warrants issued by the Company on January 31, 2008 (collectively the "Warrants").
The Triggering Event, resulting from 20 day volume weighted average closing price of the common shares of the Company, as traded on the TSX Venture Exchange exceeding $1.50 per common share has been amended to 30 days from the date after such notice. The expiry date is no longer December 24, 2008 and January 2009, respectively. The expiry date of the Warrants is now April 3, 2008. Warrants not exercised before April 3, 2008, will expire. The Warrants affected by the Triggering Event relate to the Private Placements which closed on December 24, 2007 and January 31, 2008 (see news release dated December 24, 2007 and January 31, 2008).
About Wavefront Energy and Environmental Services Inc.
Wavefront is a technology-based company with a focused, strategic plan to leverage the value of our intellectual property in order to maximize oil production recovery operations, as well as provide additional solutions for environmental applications.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.
"D. Brad Paterson" (signed)
D. Brad Paterson, CFO & Director
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