Kluber James 4
4 · NEWGOLD INC · Filed Dec 28, 2004
Insider Transaction Report
Form 4
NEWGOLD INCNGLD
Kluber James
DirectorCFO and Secretary
Transactions
- Award
Common Stock Warrants (right to buy)
2004-10-01+1,395,007→ 1,395,007 totalExercise: $0.15From: 2004-10-01Exp: 2009-09-30→ Common Stock (1,395,007 underlying) - Award
8% Convertible Debenture due 2005
2004-10-01+1,395,007→ 1,395,007 totalExercise: $0.15From: 2004-10-01Exp: 2005-09-30→ Common Stock (1,395,007 underlying)
Footnotes (1)
- [F1]The reported securities were acquired in exchange for the restructuring of debt owed by the issuer to the reporting person for loans made prior the end of the issuer's fiscal year ended January 31, 2004. In exchange for restructuring $209,251 of debt which the issuer owed to the reporting person, the reporting person was issued a convertible promissory note which is due on September 30, 2005 and bears interest at 8% per annum and a warrant to purchase up to 1,395,007 shares of the issuer's common stock at an exercise price of $0.15/share.