Exercises warrant to purchase 2.5 million common shares
(January 3 – 11:30 ET) – IPC Financial Network Inc. and ING Canada report that on Dec. 31, 2000, ING Canada exercised its warrant to purchase 2.5 million common shares of IPC Financial Network at an effective price of $3 a share.
The exercise price under the warrant was satisfied by the cancellation of an unsecured promissory note in favour of ING Canada in the principal amount of $7.5 million.
-IE Staff
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