This stock in my opinion is at the beginning of a major move
September 26, 1997
Meeting Re: Proposed Major Transaction
PROCESS CAPITAL CORP. ("POR-Y")
- Meeting Re: Proposed Major Transaction
R. Brian Murray, President of Process Capital Corp. ("Process" or
the "Corporation") , a Junior Capital Pool company, announces the
proposed arms length Major Transaction being the acquisition of
Advanced Process Fuels Inc. ("APF") , a private Ontario company
engaged in the business of building and operating waste oil
micro-refineries, will be considered by the shareholders at an
Annual and Special Meeting of Shareholders to be held on October 30,
1997 at 10:00 am at #500, 630 - 4th Avenue SW Calgary,
Alberta.
APF has advised Process that it has completed construction of its
micro-refinery at their research and training centre near Kingston,
Ontario. The plant is presently undergoing a detailed phased start-up.
APF will commission an independent engineering report that will verify
production and yield capabilities upon completion of the testing
period.APF has completed a private placement of 5,300,000 Units at
$0.50 per Unit. The total proceeds received from the private placement
is $2,575,000. The proceeds are being allocated to the construction
of the micro-refinery and development of the Kingston complex. Each
Unit consists of one APF share and one half of a B Warrant entitles the
holder to purchase one share at $1.00 each for one year form the closing
of the Major Transaction.
At the closing of the Major Transaction the total Process shares
outstanding will be 16,200,000 shares.There will be 2,500,000 A
Warrants (exercisable at $1.00 each) and options to purchase
1,430,000 common shares at $0.20 each. Full exercise of the warrants
and options will result in $4,186,000 of additional equity.The common
shares of Process trade on The Alberta Stock Exchange under the symbol
"POR".
TEL: (416) 864-0237 PROCESS CAPITAL CORP. FAX: (416) 864-0537 R. Brian Murray, President
TEL: (416) 622-6600 Michael Preston, Director FAX: (416) 622-6628
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