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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts
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To: JADE who wrote ()6/10/1999 9:10:00 AM
From: alan holman  Read Replies (1) of 704
 
Totally Hip completes $660,000 private placement

VANCOUVER, June 10 /CNW/ - Totally Hip Software Inc.
Alberta Stock Exchange: THW

Totally Hip Software Inc. (Alberta Stock Exchange: THW) announced today
that it has completed a Private Placement of 789,805 units at a price of $0.84
per unit for gross proceeds of $663,436. The proceeds, net of finders' fees of
$11,816, have been released to the Company.
Each unit consists of one common share of the Company and one two-year
non-transferable common share purchase warrant. One warrant will entitle the
holder to purchase one additional common share of the Company at a price of
$1.00 per share during the first year, and $1.30 per share during the second
year. The shares and any shares issued pursuant to the exercise of warrants
will be subject to a statutory hold period.
The proceeds of the financing will be used for general working capital.

Totally Hip Software Inc., founded in 1995, is a developer and marketer
of interactive Web development tools, including its award-winning
LiveStage(TM) and WebPainter(TM) software. The Company is traded on the
Alberta Stock Exchange (Trading Symbol: THW). (C) 1999 Totally Hip Software
Inc. All rights reserved.

The Alberta Stock Exchange has neither approved nor disapproved of the
contents of this press release.
%SEDAR: 00003922E

-30-

For further information: Corporate Communications 1-800-416-6320,
E-mail info@totallyhip.com
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