CORPORATE NEWS RELEASE
?? TRACER PETROLEUM CORPORATION ??
?? NASDAQ Symbol: TCXXF ?? Dateline: Calgary, AB, Canada
?? Date: Wednesday, September 22, 1999
TRACER ANNOUNCES CHANGE IN PUBLIC MARKET FOR SHARES
TRACER PETROLEUM CORPORATION (?Tracer? or the ?Company?) reports that effective at the commencement of trading on Thursday, September 23, 1999, the Company's common shares will trade on the NASD OTC Bulletin Board under the symbol ?TCXXF?.
Tracer recently announced the signing of a definitive agreement with eZuz.com Inc. ("eZuz") ? The Global Shopping Network, at www.ezuz.com, whereby Tracer would acquire all of the issued and outstanding capital stock of eZuz. As reported on September 15, 1999, this agreement was amended
such that Tracer maintaining its listing on The Nasdaq SmallCap Market was removed as a condition of closing. Furthermore, the company?s existing petroleum assets in Indonesia, and the rights to any potential projects to be acquired in the Islamic Republic of Iran, are to be transferred into a new subsidiary, Tracer International Petroleum, the shares of which will be transferred to the existing shareholders of Tracer. These transactions are subject to a number of conditions, including but not
limited to, shareholder and regulatory approval, and availability of financing.
Assuming the successful completion of the acquisition of eZuz, it is the intention of the Company to reapply for listing on The Nasdaq SmallCap Market, at the earliest possible date, subject to the Company meeting the necessary initial listing requirements.
On behalf of the Board of,
TRACER PETROLEUM CORPORATION
?David Robinson"
David Robinson
President and CEO |
