$1.5-million private placementCons Earth arranges $1.5-million private placement
Consolidated Earth Stewards Inc
CEW
Shares issued 9,129,962
Nov 15 2001 close $.160
Friday Nov 16 2001
News Release
Mr. Dev Randhawa reports
Consolidated Earth Stewards has arranged a non-brokered private placement of
up to $1.5-million at a price of 15 Canadian cents per share. A finders fee of up
to 10 per cent will be paid in either cash or shares.
The funds will be used for general working capital purposes and to meet the
company's obligations regarding the acquisition of IPWorld Communications
Corporation.
About IPWorld Communications Corporation
IPWorld plans to engineer, build and operate high-capacity Internet protocol
(IP)-based fibre optic networks that enable service providers to deliver
next-generation on-line applications. By employing an IP platform, the company is
uniquely positioned to provide service providers with large scalable bandwidth,
affordable pricing and access to end-users. Currently IPWorld plans to deploy its
networks in the provinces of British Columbia and Alberta. IPWorld has entered
into an equity exchange/crystallization agreement dated March 27, 2000, with
Consolidated Earth Stewards Inc. (CEW), that will result in CEW acquiring all of
the outstanding shares of IPWorld. CEW will, subject to regulatory approval,
issue nine million common shares in its capital stock to complete the acquisition.
Additional information can be found on the Web at www.ipworld.ca.
(c) Copyright 2001 Canjex Publishing Ltd. https://www.canada-stockwatch.com