Raven Moon Entertainment, Inc. (OTCBB:RVMO) announced
today that with just a month remaining to exercise the below-market
warrants before they expire on April 18, 2006, Chairman and CEO Joey
DiFrancesco thanked the brokers who are helping their clients to
exercise their warrants in a timely fashion. "This could be a win-win
situation for the company and the shareholders," stated DiFrancesco.
"The company benefits by directly receiving the proceeds and the
shareholders benefit by getting shares at a below-market price."
"Because the company has received numerous calls and emails from brokers asking for instructions to help their clients exercise their warrants, we are giving the following instructions:"
Important Instructions to Shareholders and Brokers
If your account is with a broker, have the broker send a letter to Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750 no later than April 18, 2006 verifying the number of shares you owned in your account as of February 10, 2006. Indicate the number of warrants you would like to exercise at a 25% discount of the closing bid on the day you write your check and make it payable to Raven Moon Entertainment, Inc.
The terms of the warrant dividend are: shareholders of record as of February 10, 2006 shall receive 1 warrant for each share of common stock owned as of that date. The warrant allows the shareholder to exercise 75 shares of common restricted stock for each warrant they own and exercise during a two-month window beginning February 18, 2006 to April 18, 2006 at a 25% discount of the closing bid price on the day their check is dated. Common shares purchased as a result of exercising warrants will be restricted for one year.
Shareholders or brokers who need further information on how to exercise these warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email: carol.merry@fahlgren.com.
See Gina D's new Movie Trailer at http://www.ginadskidsclub.com. For information on Raven Moon Entertainment visit http://www.ravenmoon.net.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
"Because the company has received numerous calls and emails from brokers asking for instructions to help their clients exercise their warrants, we are giving the following instructions:"
Important Instructions to Shareholders and Brokers
If your account is with a broker, have the broker send a letter to Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750 no later than April 18, 2006 verifying the number of shares you owned in your account as of February 10, 2006. Indicate the number of warrants you would like to exercise at a 25% discount of the closing bid on the day you write your check and make it payable to Raven Moon Entertainment, Inc.
The terms of the warrant dividend are: shareholders of record as of February 10, 2006 shall receive 1 warrant for each share of common stock owned as of that date. The warrant allows the shareholder to exercise 75 shares of common restricted stock for each warrant they own and exercise during a two-month window beginning February 18, 2006 to April 18, 2006 at a 25% discount of the closing bid price on the day their check is dated. Common shares purchased as a result of exercising warrants will be restricted for one year.
Shareholders or brokers who need further information on how to exercise these warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email: carol.merry@fahlgren.com.
See Gina D's new Movie Trailer at http://www.ginadskidsclub.com. For information on Raven Moon Entertainment visit http://www.ravenmoon.net.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
© 2006 Business Wire
