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Bullboard - Stock Discussion Forum iShares S&P/TSX Capped Consumer Staples Index ETF T.XST

Alternate Symbol(s):  ISTIF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Consumer Staples Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly... see more

TSX:XST - Post Discussion

iShares S&P/TSX Capped Consumer Staples Index ETF > did you get an email re: news $8.2M USD
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Post by stevwd on Jun 14, 2000 2:39am

did you get an email re: news $8.2M USD

looks like there is news tomorrow and we got it earlyXS Technologies secures $8.2-million (U.S.) in contracts XS Technologies Inc XST Shares issued 15,142,233 2000-06-13 close $0.48 Tuesday Jun 13 2000 Mr. John Way reports XS Technologies has acquired approximately $8.2-million (U.S.) worth of contracts resulting from successful international marketing efforts. In order to continue this momentum, XST has arranged a non-brokered, private placement of up to 600,000 units at 50 cents per unit for a total offering of $300,000 Canadian. The private placement proceeds will be used to continue securing further contracts, product development, research and development, marketing, and to augment North American sales. Each unit will consist of one common share and one non-transferable share purchase warrant. The warrant holder can acquire one additional common share of XST by exercising the warrant for up to one year after the closing of the private placement at a price of 70 cents per share. In accordance with the rules of the Canadian Venture Exchange, the offering is subject to standard regulatory approvals and all shares issued under this private placement will be subject to a four-month regulatory hold period, starting upon the date of acceptance of the placement by the Canadian Venture Exchange. (c) Copyright 2000 Canjex Publishing Ltd. https://www.canada-stockwatch.com old url (better for printing)
Comment by blue"chip" on Jun 14, 2000 3:10am
So where are the announcements for these 8.6 million worth of contracts? Where are the news releases for them? Perhaps its like the last news release, a re-iteration of OLD NEWS. I like how they add a financing at the end of the news release. Interesting how they use the words "has". Wht does this mean "has in the past"??? Oh well, I guess if the Company does a financing at ...more  
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