UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Special Warrants | 12/03/2007 | Â (1) | Common Stock | 3,449,250 | $ (1) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Wexford Spectrum Trading LTD 411 WEST PUTNAM AVENUE SUITE 125 GREENWICH, CT 06830 |
 |  X |  |  |
Arthur H. Amron, Vice President and Assistant Secretary of Wexford Spectrum Trading Limited | 10/15/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Wexford Spectrum Trading Limited (?WST?) acquired an aggregate of 2,299,500 Special Warrant Shares from the issuer in a private placement offering that closed on June 5, 2007 (the ?Offering?). Each Special Warrant Share entitles the holder thereof to receive, without the payment of additional consideration, upon the exercise thereof, one share of common stock and one-half of one Warrant, each Warrant being exercisable to acquire one share of common stock at an exercise price of $1.10 per share for a period of 60 months from the closing of the Offering. Each holder of a Special Warrant Share that has not expired by its terms may elect to convert its Special Warrant Shares into the underlying shares of common stock and Warrants at any time after 5:00 p.m. (Vancouver time) on December 3, 2007. |