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INTRANET SOLUTIONS, INC.
SUPPLEMENT, DATED FEBRUARY 17, 1998, TO
PROSPECTUS DATED SEPTEMBER 17, 1997
WARRANT REDEMPTION
On February 17, 1998, IntraNet Solutions, Inc. (the "Company") called for
redemption on March 19, 1998 (the "Redemption Date") all of its outstanding
Common Share Purchase Warrants (the "Warrants"), at the price of $.05 per
Warrant (the "Redemption Price"), for a total redemption price of $8,715.00.
Each Warrant entitles the registered holder thereof to purchase one share
of Common Stock at $4.00 per share of Common Stock.
THE RIGHT TO EXERCISE THE WARRANTS EXPIRES AT 5:00 P.M., MINNEAPOLIS,
MINNESOTA TIME ON THURSDAY, MARCH 19, 1998, WHICH IS THE LAST FULL BUSINESS DAY
PRIOR TO THE REDEMPTION DATE. THEREAFTER THE WARRANTS WILL NO LONGER BE
EXERCISABLE, AND THE HOLDERS OF WARRANTS WILL HAVE ONLY THE RIGHT TO THE
REDEMPTION PRICE.
The Warrants may be exercised upon surrender of the certificate therefor
on or prior to 5:00 p.m., Minneapolis, Minnesota time, on Thursday, March 19,
1998, at the offices of the Company's transfer agent, Norwest Bank Minnesota,
N.A., Shareholder Services, 161 North Concord Exchange, South St. Paul, MN
55075-1139 (the "Warrant Agent") with the "Purchase Form" on the reverse side
of the certificate filled out and executed as indicated, accompanied by payment
(in the form of certified or bank check payable to the order of IntraNet
Solutions, Inc.) of the full exercise price for the number of Warrants being
exercised. Holders of the Warrants will automatically forfeit all rights
thereunder except the right to receive the $.05 Redemption Price unless the
Warrants are exercised on or before Thursday, March 19, 1998.
The Company will receive an aggregate of approximately $690,000 in net
proceeds from the issuance of the Common Stock upon exercise of all of the
outstanding Warrants, after deducting expenses of this notification of
approximately $10,000. The Company intends to use the net proceeds from the
exercise of the Warrants for working capital purposes.
