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Technology Stocks : FEDORA IND. INC. (V.FED)
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To: Goalie who wrote (27)1/17/2000 1:27:00 PM
From: Goalie   of 54
 
$600,000 raised privately.

Fedora Industries Inc FED
Shares issued 1,139,087
2000-01-14 close $0.58
Monday Jan 17 2000
Mr. David Houston reports
The company has negotiated a private placement of $600,000
consisting
of 1.2
million special warrants at a price of 50 cents per special warrant.
Each
special
warrant is exercisable without additional consideration into one
common
share and
one warrant. Each whole warrant entitles the holder to acquire a
further
common
share of the company at 50 cents per share in the first year and 65
cents
per share
in the second year.
This financing replaces the unit private placement reported in
Stockwatch
on Dec.
9, 1999.
A finder's fee of 8 per cent is payable on a portion of this private
placement.
The net proceeds will be used for expansion of the airbomb.com
business
and to
augment working capital.
(c) Copyright 2000 Canjex Publishing Ltd.
canada-stockwatch.com
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