Totally Hip Software Inc. (THW) - Just the Facts Message Board

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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts

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To: Eric Weiner who wrote (631)	10/13/1999 9:52:00 AM
From: Gerry Merz	of 704

Totally Hip debt settlement; options granted Totally Hip Software Inc THW Shares issued 15,215,662 Oct 8 close $0.41 Tue 12 Oct 99 News Release Mr. Randall McCallum reports The company has agreed to a settlement of $199,500 in debts with employees through the issuance of 665,000 shares in the capital of the company at a deemed price of 30 cents per share, which shares will be subject to a four-month hold period from the date the debt became due. The debt settlement is subject to obtaining regulatory approval. Stock option grant On Sept. 7, 1999, the company granted incentive stock options on one million shares of the company's capital stock, exercisable up to two years at a price of 30 cents per share, which price is not lower than the closing price of the company's shares on the day prior to the date on which the company filed for approval of the grant with the Alberta Stock Exchange less the allowable discount. The options granted may not be exercised until regulatory approval has been obtained. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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