iShares S&P/TSX Capped Consumer Staples Index ETF T.XST

private placement

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XST Closes Private placement CALGARY, Sept. 15 /CNW/ - (CDNX: "XST") - XS Technologies Inc. (XST) announces that the private placement previously announced in June of this year has been closed. The private placement consists of 523,000 units at 50 cents per unit for a total placement of $261,500 Canadian. The private placement proceeds will be used to secure further contracts; continue product development, research and development, and marketing; and to augment North American sales. Each unit consists 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 two years after the closing of the private placement at a price of 70 cents per share. The offering is subject to customary regulatory approvals. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00012884E -0- 09/15/2000 For further information: John Way, President, XS Technologies, [phone] or [e-mail]; Richard Maeers, Senior Partner, Norcap, [phone], [e-mail]