Napier International Technologies Inc. (T.NIR) Message Board

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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)

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To: Richard Nash who wrote ()	4/11/2000 6:23:00 PM
From: Klingerg	Read Replies (1) of 2444

Napier Arranges $5 Million in Financing _____________________________________________________________________________________________ Vancouver, British Columbia, Canada April 11, 2000 Napier International Technologies Inc. (NIR.TSE) (www.napierintl.com) is pleased to report that it has secured a U.S. institutional financial partner to ensure the availability of working capital during this high growth period of the Company?s development. The partner will be Intercoastal Financial Services Corp., an N.A.S.D Member Firm. Intercoastal will assist Napier by providing equity capital and analytical coverage to help broaden the Company?s North American exposure at both the retail and institutional levels. The equity financing will be structured by way of a Special Warrant issuance. Each of the 2 million Special Warrants purchased for $2.50 will be exchangeable for one common share, one Callable Warrant and 75% of a Non-Callable Warrant. Each Callable Warrant will be exercisable for a two-year period at the lesser of $7.50 or 93% of the 5-day trading average price, if called at the option of Napier. The 1,500,000 Non-callable Warrants will be exercisable at $3.10 during the first year and $3.40 during the second year. This financing provides Napier with immediate working capital to continue to fuel the Company?s growth as well as additional funding through the Callable Warrant. The financing is subject to regulatory approval and a finders fee is payable regarding this transaction. For more information please call Jason Cubitt or Don Mosher at Napier (604) 801-6664. ON BEHALF OF THE BOARD OF DIRECTORS Bradley T. Aelicks Chairman/Director nir00-10 _____________________________________________________________________________________ THE TORONTO STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT Anyone else get a copy of this?

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