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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: michael d kugler who wrote (32338)1/2/1998 6:52:00 PM
From: Riley G  Read Replies (1) of 55532
 
Learn to read. From the 8-k

1.4 Changes in Capitalization. RMCW shall secure a minimum of five million
dollars of equity financing (the "Equity Capital") in the form of an investment
in Rule 144 "restricted" common stock of Olympus/RMIL. The terms of investment
for such Equity Capital shall stipulate that the per share purchase price of the
Rule 144 common stock of Olympus/RMIL shall be not less than 90% of the
prevailing bid price of the common stock of Olympus/RMIL; and that a minimum of
20% of the Equity Capital shall be utilized by Olympus/RMIL's subsidiary,
Olympus Mills USA; and further that the Equity Capital shall be funded within
thirty (30) days of Closing, unless extended by the written, mutual agreement of
the parties. As provided in Section 9 hereof, in the event that the Equity
Capital is not funded in the minimum amount of $5,000,000 on or before the 30th
day immediately following the Closing date, this Agreement shall be rescinded in
full automatically.

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Riley G
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