INFO ON ESCROW SHARESSome excerpts from the TSX-V bulletin:
-Effective at the opening on Thursday, January 3, 2008, the commonshares of Petrolympic Ltd. will commence trading on TSX VentureExchange, and the common shares of Pisces Capital Corp. will bedelisted.
-Capitalization: Unlimited common shares with no par value of which
70,754,849 common shares are issued and outstanding
Escrow: 46,444,445 common shares are to be released in stages over a 36 month period from the date of this bulletin. (2,000,000 from Jun/28/06 + 44,444,445 new)
The arrangement was for 10% (4,644,445 shares) to be released immediately, on Jan/3/08, and
15% every 6 months over the next 3 years. Therefore, on Jul/3/08 we had an additional 6,966,667 shares become free trading.
SP Jul/2/08 - Open: 1.00, High: 1.03, Low: 0.82, Close: 0.83
SP Jul/3/08 - Open: 0.82, High: 0.84, Low: 0.71, Close: 0.76
SP Jul/4/08 - Open: 0.76, High: 0.77, Low: 0.70, Close: 0.74
The 2,000,000 shares from previous escrow were owned by 9 individuals and these became free trading immediately on Jan/3/08. The other 44,444,445 million escrowed shares are owned by the following individuals/companies:
Mendel Ekstein 11,111,118
Brocha Ekstein 11,111,118
Andreas Jacob 14,390,167
Benos Meluchim Inc. 4,444,442
Shandil Aker 3,387,611
The next 6,966,667 escrowed shares become free trading on Jan/3/09.