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ADB Systems extends expiry on warrants from 2003 private placement
By Sheri Kasprzak
Atlanta, June 13 - ADB Systems International said it has extended the expiration of warrants associated with a private placement that closed on June 26, 2003.
The 2,732,674 warrants will now expire on Sept. 26, 2005. The warrants, which are exercisable at C$0.40 each, were originally set to expire on June 26, 2005.
Under the terms of the original private placement, ADB sold units at C$0.24 each. The units included one share and one two-year warrant.
Based in Toronto, ADB an asset-management company.
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