Canadian Warrants

The warrants are governed by the terms of a warrant indenture to be dated Sept. 30, 2009, between the company and Olympia Trust Company as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.
 
Fortress Energy to list 5,516,700 warrants on July 16
 
2008-07-14 16:24 MT - Warrants Called to Trade
TSX bulletin 2008-0788
A total of 5,516,700 common share purchase warrants of Fortress Energy Inc. will be listed and posted for trading at the open on Wednesday, July 16, 2008, under the following trading information:
 
Warrant symbol: FEI.WT
Cusip No.: 34958M 11 0
Designated market-maker: Desjardins Securities Inc.
Other markets: None
 
The listing covers warrants forming part 11,033,400 units sold to the public at a price of $1.50 per unit pursuant to the terms of a prospectus dated June 12, 2008. Each unit consisted of one common share and one-half of a warrant. The units separated immediately upon closing of the public offering.

Each warrant entitles the holder to purchase one common share of the company at a price of $2 per share at any time prior to 5 p.m. (Toronto time) on June 20, 2011, subject to the right of the company to accelerate the expiry time, on not less than 30 days prior written notice to the holders of warrants, if the total sale price of the company's common shares sold in board lots on the Toronto Stock Exchange during a period of 20 consecutive days divided by the total number of common shares sold in board lots on the TSX during such period is at least $3.00.

The warrants are governed by the terms of a warrant indenture dated June 20, 2008, between the company and Olympia Trust Co. as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.