[10-11-99 02:04 PM ET] JULY 26 SPECIAL WARRANT FUNDING MAY TRIGGER [OCTOBER 11] CRITICAL PATH NODE.
"...at a special meeting of the shareholders on July 26, 1999, shareholders of the Company passed a resolution authorizing the Company to issue up to 6,705,353 common shares in connection with a private placement offering of 6,000,000 Special Warrants for gross proceeds of Cdn.$15,000,000 which closed on June 14 and 16, 1999.
Each Special Warrant will be convertible into one common share of NewKidCo International for no additional consideration at any time up to June 14, 2000. In the event that the Ontario Securities Commission or Manitoba Securities Commission does not issue a receipt for a prospectus by 5:00 p.m. on October 11, 1999, each Special Warrant will be convertible into 1.1 common shares..." Source: July 28, 1999 Newkidco Company Press Release.
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