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)