MCKENZIE BAY INTERNATIONAL LTD 4
4 · MCKENZIE BAY INTERNATIONAL LTD · Filed Feb 10, 2005
Insider Transaction Report
Form 4
DiMora John
Director
Transactions
- Award
Promissory Note Conversion to Common Stock
2004-08-13$0.75/sh+174,733$131,050→ 174,733 total(indirect: By Spouse)Exercise: $0.75From: 2004-08-13Exp: 2005-02-14→ Promissory Note converted into Common Shares (33,333 underlying) - Award
Promissory Note-Warrant exercised into Common Stock
2004-08-13$1.07/sh+37,500$40,125→ 141,000 total(indirect: By Spouse)Exercise: $1.07From: 2004-08-13Exp: 2006-08-12→ Promissory Note Warrant Exercised into Common shares (37,500 underlying)
Footnotes (2)
- [F1]Holders entered into a $25000 with 10% per annum interest promissory note agreement with McKenzie Bay International Ltd. The holders received 37,500 Warrants with this agreement to purchase 37,500 shares of common stock at $1.07 per share which can be exercised over 2-years from date of issuance.
- [F2]Holders entered into a $25000 with 10% per annum interest Promissory Note with McKenzie Bay International. Holders have the right under the promissory note agreement to aquire 33,333 shares of common stock at $0.75 upon conversion of the Note.