private British Columbia company owned by Glen Dickson and Paul Dickson
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CARTA RESOURCES LTD.
VSE-"CRT"
U.S. 12G3-2(B)#82-4553
NEWS RELEASE
July 14, 1999
CARTA ANNOUNCES ADDITIONAL TERMS OF ACQUISITION
Further to the June 7, 1999 news release, there are additional aspects to the transaction which Carta Resources Ltd. (CRT.V) is announcing:
Incentive options shall be granted such that each of Glen Dickson and Paul Dickson shall be granted from time to time incentive stock options entitling them to purchase not less than 4% (or such lower percentage as may be accepted by the optionee) of the issued shares in the capital of Carta Resources Ltd. at the minimum price permitted by the VSE for a period of five years. J.E. Charlesworth and Thomas Boychuk, collectively the "Shareholders", shall enter into a voting trust agreement with the vendors such that the shareholders, for a period of three years following the closing of the purchase and sale contemplated, shall vote their respective shares in the capital of Carta in a manner which is consistent with the intent of the agreement. The vendors shall purchase, by way of private placement from the treasury of Carta, 160,000 units (each unit comprising one share and one share purchase warrant with a two year term) at a price of $0.15 per unit, such purchase to close concurrently with the sale and purchase of the shares contemplated hereunder.
QuotesCanada, a private British Columbia company owned by Glen Dickson and Paul Dickson, being acquired by Carta Resources ltd., is an internet provider of real time stock market quotes, financial information and consumer product quotes of interest to investors, as well as to the general public. Based in Vancouver, British Columbia, QuotesCanada has positioned itself to become one of the premier data providers of financial information on the World Wide Web, located at www.quotescanada.com.
On behalf of the Board,
Thomas Boychuk
Director
For Further Information, please contact:
J. Charlesworth
Phone: (604) 922-9264 Fax: (604) 922-9182
Thomas Boychuk
Phone: (604) 731-4595
email- tboychuk@cartaresources.com
cartaresources.com
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