SILVER ASSETS INC 4
4 · SILVER ASSETS INC · Filed Nov 10, 1998
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
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 - -------------------------------- ----------------- **