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Gold/Mining/Energy : Meteor Technologies

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To: jerry janko who wrote ()	7/26/1999 6:32:00 PM
From: jerry janko	Read Replies (1) of 2127

Meteor enters non-brokered private placement Meteor Minerals Inc MMI Shares issued 13,902,820 Jul 23 close $0.215 Mon 26 Jul 99 News Release Mr. Jonathan George reports The company has entered into a non-brokered private placement of 1.25 million special warrants at 20 cents per special warrant. Each special warrant will be convertible into a share and a share purchase warrant exercisable for one share at 20 cents in the first year and at 25 cents in the second year. Proceeds of the financing will be used to make payments to ThoughtShare Communications Inc. and for general working capital. Meteor has the right to acquire a 35-per-cent interest in ThoughtShare, a Vancouver-based Internet company presently developing innovative web navigation software.

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