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Gold/Mining/Energy : Delicious Alternative Desserts Ltd. (DD)

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To: Don Johnstone who wrote (84)	4/5/1999 7:49:00 PM
From: Don Johnstone	Read Replies (1) of 129

New financing to acquire more trucks for distribution of product across Ontario: www2.cdn-news.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ FOR FURTHER INFORMATION PLEASE CONTACT: Delicious Alternative Desserts Ltd. Mr. Robert Harrison (905) 662-4934 or Delicious Alternative Desserts Ltd. David Murray (416) 364-6744 The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: DELICIOUS ALTERNATIVE DESSERTS LTD. ASE SYMBOL: DD APRIL 5, 1999 Delicious Alternative Desserts Ltd. Announces Closing of $980,000 Financing STONEY CREEK, ONTARIO--Delicious Alternative Desserts Ltd. (the "Corporation") is pleased to announce the closing today of a $980,000 financing in the form of 1,960,000 Special Warrants issued to various investors in Ontario and Alberta. The subscription price of each Special Warrant was $0.50 and the Special Warrants are convertible into one common share each automatically upon the filing of the final prospectus in the jurisdictions in which the Special Warrantholders are resident. The Special Warrant financing is part of a larger financing involving the issuance of 2,750,000 Series 1 Special Notes, announced March 30, 1999 and expansion of the Corporation's senior debt facility. The total financing will be used in connection with the costs incurred from the renovation of the Corporation's plant in Stoney Creek, Ontario, expansion of the Corporation's distribution system. The Corporation has had to acquire additional trucks to meet the delivery requirements of its products in its distribution system throughout Ontario. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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