4//SEC Filing
SILVER ASSETS INC 4
Accession 0000922423-98-001254
CIK 0000099286operating
Filed
Nov 9, 7:00 PM ET
Accepted
—
Size
10.3 KB
Accession
0000922423-98-001254
Insider Transaction Report
Form 4
Fresne, Donald C.
10% Owner
Transactions
- Other
Common Stock, $0.001 par
1926-10-01$0.11/sh+26,639,482$2,930,343→ 50,114,423 total
Footnotes (3)
- [1]Private placement whereby Coastal Capital Partners, L.P. ("Coastal") acquired shares of the common stock of Silver Assets, Inc. ("Silver Assets Stock") as part of an agreement to allow Coastal to purchase Silver Assets Stock at $0.11 per share, the proceeds of which were used by Silver Assets, Inc. to repay all of its outstanding notes and advances, including accrued interest, totalling $2,930,343.00, payable to Coastal.
- [2]The $0.11 per share price was based on a fairness opinion received from independent investment advisors.
- [3]The $0.15 per share exercise price and the $0.008 per share purchase price were both based on a fairness opinion received from independent investment advisors. /S/ Theresa C. Morris November 10, 1998 ---------------------------------- ----------------- **
Documents
Issuer
SILVER ASSETS INC
CIK 0000099286
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0000099286
Filing Metadata
- Form type
- 4
- Filed
- Nov 9, 7:00 PM ET
- Size
- 10.3 KB