NEWS OUT ON GSO hot stocks ,WILL resume trading tomorrow deal done
sam
Newshotline Subscribers,
Globalstore.com To Resume Trading
Globalstore.com Inc.
Exchange/Symbol: VSE: GSO
Shares issued: 5,086,509
Wed 5 May 99
Globalstore.com Inc. To Resume Trading
Effective at the opening, May 6, 1999, trading will resume, the company having satisfied the resumption of trading requirements outlined in Exchange Policy 18.5.11.
The company's shares are presently halted pending approval of a reverse takeover. All terms of the reverse takeover transaction are outlined in the company's news release dated April 29, 1999 (Stockwatch, April 30). This resumption does not constitute approval of the reverse takeover transaction and there is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt will be reimposed. In addition, the company must submit all required documentation within 60 days from the resumption of trading. If this documentation is not provided, or is insufficient, a trading halt will be reimposed.
Prior to the exchange granting final approval to the reverse takeover transaction, the company must satisfy the exchange's initial listing requirements (as set out in Exchange Policy 1).
As part of the restructuring process, the sponsor, Yorkton Securities Inc., will be completing a cross of 500,000 shares at 75 cents.
NOTE: Globalstore has just acquired the domain address, www.globalstore.com, and is in the process of setting it up as the primary address at which it shall display merchandise for the Global Store. For the next week, shoppers can visit the Global Store at www.globalstore.net.
Please feel free to contact us at:
GLOBALSTORE.COM, INC.
1304 925 West Georgia Street
Vancouver, BC V6C 3L2
Telephone: (604) 736-7570
Toll Free: (877) 736-7570
Facsimile: (604) 736-7509 |
