IMPACT INTERNATIONAL L L C 4
4 · TIDELANDS OIL & GAS CORP/WA · Filed Jun 24, 2005
Insider Transaction Report
Form 4
IMPACT INTERNATIONAL L L C
10% Owner
Transactions
- Exercise of In-Money
Warrants to Purchase Common Stock
2005-06-23−7,500,000→ 0 totalExercise: $0.34From: 2003-04-16Exp: 2006-04-16→ Common Stock (7,500,000 underlying) - Exercise of In-Money
Common Stock
2005-06-23$0.34/sh+7,500,000$2,512,500→ 9,199,980 total
Footnotes (1)
- [F1]The Amended Warrant was issued by Tidelands Oil & Gas Corporation in connection with its purchase of Impact International's 72% limited partnershp interest and Coahuila Pipeline, LLC's 1% interest in Reef Ventures, LP. Impact International financed Tidelands Oil & Gas Corporation's purchase of the units of Reef Ventures, LP by taking back a promissory note in the aggregate principal amount of $6,523,773.