Text Size:
A | A

SAExploration Begins Warrant Exchange Offer

Text Size: A | A
 
January 9, 2014

SAExploration Holdings, Inc. (NasdaqGM: SAEX) began an offer to exchange warrants to purchase 15 million of its common shares, for up to 1.5 million shares, the company said Jan. 7. The exchange offer ends Feb. 7, the company added.

Warrant holders are eligible to receive one common share in exchange for every 10 of its outstanding warrants, tendered by the holders, and exchanged pursuant to the offer, the company said.

Holders can exchange all, or less than all, of their warrants, the company added. Holders of fractional shares will receive ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription