LipidViro announces seven-for-one stock split

By Lisa Kerner

Erie, Pa., April 7 - LipidViro Tech, Inc. announced a seven-for-one stock split effective the close of business on April 17, or 10 days from the filing of Form 10b-17.

The additional shares will be distributed on or about May 5, according to a company news release.

The stock split will affect both common stock shareholders and class A and class B warrant holders similarly.

According to the warrant agreement, the exercise price of the class A and B warrants will be reduced. The post-dividend exercise price of the class A warrant will be reduced to $0.7142 from $5.00; the post-dividend exercise price of the class B warrant will be reduced from to $1.4285 from $10.00.

LipidViro Tech, Inc. is an early stage biotechnology company located in Salt Lake City.

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