BUENOS AIRES, Argentina, May 28 /PRNewswire-FirstCall/ -- Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria (the "Company") (NASDAQ:CRESY) reported today that, according to the Rights Offering Prospectus for 180,000,000 ordinary shares and 180,000,000 warrants, and having obtained the necessary authorizations, such Warrants are already listed on the Buenos Aires Stock Exchange using the symbol CREW2, and may be negotiated on the "Nasdaq Capital Market", using "CRESW" as symbol, as from Thursday, May 29, 2008.
Each Warrant entitles its holder to purchase 0.33333333 ordinary shares, prior to its expiration, on May 22, 2015. They will be exercisable during the six-day period from and including the 17th through the 22nd day of each February, May, September and November (to the extent such dates are business days in New York City and the City of Buenos Aires).
Cresud is a leading Argentine agricultural company with a growing presence in the Brazilian agricultural sector through its investment in BrasilAgro-Companhia Brasileira de Propriedades Agricola. Cresud is currently involved in a range of activities including crop production, cattle raising and milk production. Cresud's business model, which it seeks to roll out abroad, taking into account the specific conditions of each country, focuses on the acquisition, development and exploitation of properties having attractive prospects for agricultural production and/or value appreciation and the selective disposition of such properties where appreciation has been realized.
Source: Cresud S.A.C.I.F. y A.
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