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Gold/Mining/Energy : dba Telecom's SmarTalk ranks better than Nortel/Lucent/Mit
DBA 26.01+0.4%Jan 8 4:00 PM EST

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To: LBell who wrote (492)11/9/1999 4:12:00 PM
From: Rob  Read Replies (1) of 553
 
dba Telecom delighted with $3-million financing
dba Telecom Corporation DBA
Shares issued 21,531,392 1999-11-08 close $0.24
Tuesday Nov 9 1999

Mr. John Henderson reports
dba Telecom has completed a $3,128,000 financing through a non-brokered private placement. Priced at 18 cents, the shares are subject to a minimum four-month hold period.
John R. Henderson, dba Telecom president and chief executive officer, said, "We are delighted with the response to this placement of shares from around the world. The placees include new investors, many of whom will be able to provide additional strategic benefits to the company, and existing shareholders. The participation of all of these parties is a strong vote of confidence in the company's business plan and prospects for the future."
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