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Atlas lender exercises warrants.

BusinessWorld (Philippines)

| October 22, 2010 | COPYRIGHT 1999 Business World Publishing Corporation. (Hide copyright information)Copyright

LISTED ATLAS Consolidated Mining and Development Corp. said one of its lenders, Globalfund Holdings, Inc., will be exercising its rights under warrants issued by the former under a convertible loan deal signed in November 2009. In a disclosure, Atlas said the exercise would cover 4,682,000 Atlas common shares, to be subscribed at a price of P10.00 per share. Atlas entered into a …

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