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Gold/Mining/Energy : SLMSoft.com Inc.
ESP 52.08-5.0%Jan 26 3:59 PM EST

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To: Mario Gallant who wrote (18)3/17/1999 8:19:00 AM
From: David Michaud   of 152
 
NP says SLM Software agrees to raise up to $30.2-million

SLM Software InC ESP
Shares issued 12,938,356 Mar 16 close $6.00
Wed 17 Mar 99
In the News
The National Post reports in its Wednesday edition that SLM Software Inc. has agreed to raise up to $30.2-million through the sale of convertible and redeemable debentures and preferred shares to InSight Capital Partners. The financing consists of debentures convertible into $24.4-million of non-voting convertible preferred shares that can be exchanged for SLM common shares at $6.50 each; $5.8-million of redeemable debentures; and a three-year warrant for 250,000 common shares at $6.50 each.
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