CORRECTION>[07-07-99 11:45 AM ET] NEWKIDCO, 40 MILLION SHARES FULLY DILUTED PURSUANT TO JULY 26 ANNUAL MEETING?
SAID [PROXY] NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS SPECIFICALLY DESIGNATES SHARES OUTSTANDING AT 13,764,251 IN RE: RESOLUTION 5.
Accordingly, fully diluted shares within twelve months of said Annual Meeting could approach (13.8M + 13.8M + 6.7M + 1.4M +...+?) >= ~ 36M shares...
* THE COMPANY'S ISSUED AND OUTSTANDING SHARE CAPITAL IS CURRENTLY COMPRISED OF 13,764,251 COMMON SHARES AND THE COMPANY PROPOSES THAT THE MAXIMUM NUMBER OF SHARES WHICH EITHER WOULD BE ISSUED OR MADE SUBJECT TO ISSUANCE UNDER ONE OR MORE PRIVATE PLACEMENTS IN THE TWELVE MONTH PERIOD COMMENCING ON JULY 26, 1999 WOULD NOT EXCEED 13,764,251 SHARES, OR 100% OF THE COMPANY'S ISSUED AND OUTSTANDING SHARE CAPITAL AS AT JUNE 24, 1999. Source: NewKidCo International Inc. Notice Of Annual And Special Meeting Of Shareholders, page 17.
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