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Technology Stocks : MetroNet Communications Corp (METNF)

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To: MangoBoy who wrote (21)5/28/1998 7:23:00 PM
From: MangoBoy   of 30
 
[MetroNet Communications to Make Public Offering of Equity Securities]

CALGARY, May 28 /CNW-PRN/ - MetroNet Communications Corp. announced today that it intends to make a public equity offering of its Class B Non-Voting Shares in order to raise approximately C$250 million to be registered under the Securities Act, the proceeds of which will be used for general corporate purposes. Such offering will be made only by means of a prospectus.

MetroNet Communications is a public company with its common stock traded on the Toronto and Montreal stock exchanges under the symbol MNC.B and on the NASDAQ National Market System under the symbol METNF.

SOURCE: MetroNet Communciations Corp.

-0- 05/28/98
/CONTACT: Bruce M. Mann, Vice President, Investor Relations, MetroNet Communications, (403) 213-0890/
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