Dear Jorj,
I have information on the private placement. Please no more personal messages because I am trying to find out how to get this too and so I want to see the web site
Sincerely,
Dick
March 31, 1999
Dick:
FunPhone.com intends to proceed with a
proposed private placement financing with maximum
proceeds of $1,990,000. The private placement will consist
of up to 12,000 units (each unit consisting of 10 common
shares and seven share purchase warrants) priced at $13.00
per unit subject to final approval and closing on/or before
August 12, 1999.
Each share purchase warrant will be priced at $1.50 and will
expire one year from the closing date of the private
placement. The proceeds from the private placement will be
used to expand marketing and distribution of the company's
popular FunPhone products, and will also
be used to introduce and market a number of new
design products that are currently in development, slated for
release in 1999.
The private placement has not received conditional regulatory
approval. The financing is subject to the final
approval and closing of the necessary documents by the
private placement groups and the Directors of FunPhone.com
on/or before the closing date.
Mr. Nigel Bruce, President of FunPhone, has released this information due
to public requests for information about the offering.
Discussion is in progress with several companies, some
of which are publicly traded, which may result in business
ventures
that could have a material effect on the Company.
This release is not a solicitation to sell securities,
as such can only be done through memorandum. The memorandum
for the proposed offering will be available through the
company's web site which is scheduled to open on March 31, 1999. |
