4//SEC Filing
EMEX CORP 4
Accession 0000891554-02-000891
CIK 0000015678operating
Filed
Feb 14, 7:00 PM ET
Accepted
—
Size
15.6 KB
Accession
0000891554-02-000891
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (4)
- [1]Thorn Tree Resources LLC, a Delaware limited liability company ("Thorn Tree"), loaned to Emex Corporation (the "Issuer") the principal amount of $628,000 in January 2002. The outstanding principal amount of the loan accrues interest at a rate of the Prime Rate at J.P. Morgan Chase & Co. as of January 23, 2002 plus 3 percent per annum. The outstanding principal and interest are due on April 23, 2002. From and after January 23, 2002, Thorn Tree had the right to cause the outstanding debt to be converted to the Issuer's Common Stock at $3.01 per share. The number of underlying shares in item 7 above represents the number of shares of the Issuer's Common Stock that Thorn Tree would receive upon conversion of the entire principal amount. The number does not take into account shares that would be received upon conversion of accrued interest.
- [2]In consideration of the loan in the principal amount of $628,000, Thorn Tree was granted warrants to purchase 53,525 shares of the Issuer's Common Stock at $3.01 per share. The warrants are exercisable at any time and expire on January 23, 2007. The number of underlying shares in item 7 above represents the number of shares of the Issuer's Common Stock that Thorn Tree would receive upon exercise of the warrants.
- [3]Thorn Tree loaned to the Issuer the principal amount of $2,034,100 in February 2002. The outstanding principal amount of the loan accrues interest at a rate of the Prime Rate at J.P. Morgan Chase & Co. as of February 11, 2002 plus 5 percent per annum. The outstanding principal and interest are due on June 1, 2002. From and after February 11, 2002, Thorn Tree has the right to cause the outstanding debt to be converted to the Issuer's Common Stock at $3.00 per share. The number of underlying shares in item 7 above represents the number of shares of the Issuer's Common Stock that Thorn Tree would receive upon conversion of the entire principal amount. The number does not take into account shares that would be received upon conversion of accrued interest.
- [4]In consideration of the loan in the principal amount of $2,034,100, Thorn Tree was granted warrants to purchase 170,000 shares of the Issuer's Common Stock at $3.00 per share. The warrants are exercisable at any time and expire on February 11, 2007. The number of underlying shares in item 7 above represents the number of shares of the Issuer's Common Stock that Thorn Tree would receive upon exercise of the warrants. /s/ David H. Peipers February 15, 2002 - --------------------------------------------- ----------------------- **
Documents
Issuer
EMEX CORP
CIK 0000015678
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000015678
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Size
- 15.6 KB