P.Zocker : RVMO
Raven Moon Entertainment, Inc. (OTCBB:RVMO) announced today that shareholders have begun taking advantage of a 25% below market discount of the closing bid price by exercising warrants to increase their holdings in Raven Moon Entertainment, Inc.
If you are a shareholder of record as of February 10, 2006, you have the right to exercise these warrants. Each warrant allows you to exercise 75 shares at a 25% discount of the closing bid price on the day you write your check. The warrants can only be exercised during a two month window beginning February 18, 2006 and ending on April 18, 2006. You are not required to exercise warrants that are issued to you. However, if you do not exercise your warrants by April 18, 2006, they will expire and have no value. If you wish to increase your holdings and exercise these warrants please follow these instructions:
Instructions for Exercising the Warrant
If your account is with a broker and you have not received a physical warrant: Between February 18, 2006 and April 18, 2006, have your broker send a letter to Raven Moon Entertainment verifying the number of shares you owned in your account as of February 10, 2006. Send the letter with a check payable to Raven Moon Entertainment, Inc. to exercise your warrants. Indicate the number of shares you would like to buy and multiply that number by a 25% discount to the bid price on the day the check is written. Raven Moon Entertainment will send the restricted common shares you purchased to your broker.
If you hold shares in your name and have received a physical warrant from the company: Fill out the warrant certificate and sign it. Send the certificate with a check payable to Raven Moon Entertainment, Inc. to exercise your warrants. Indicate the number of shares you would like to buy and multiply that number by a 25% discount to the bid price on the day the check is written. Upon receipt of the warrant and check, Raven Moon Entertainment will authorize its transfer agent to issue the restricted common shares to you.