DBA TELECOM CORPORATION - Private Placement-Non-Brokered [360]
Canadian Market News from Market News Publishing, Thursday, November 18, 1999 at 16:52
The Vancouver Stock Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced October 1, 1999:
Number of Shares: 17,377,777 shares
Purchase Price: $0.18 per share
Placees: Top ten placees (and 23 other placees):
Distacom Enterprises Ltd. (Richard Siemens) 3,339,400
Maniford Holdings Ltd. (Ho Shek Tim) 3,333,333
Pinesport Holdings Ltd. (Bruce Hicks) 1,930,700
Mark Douglas Lay 1,200,000
Exe Asia Co. Ltd. (Hitoshi Tani) 1,120,000
Bank Fiduciaries Ltd. (Bernard Pouliot) 1,111,100
Axiom Investment Management 1,111,000
Maurice Boucher 1,000,000
Fiduciary & Nominees Ltd. 550,000
Ansark Investments Ltd. 474,300
These securities have not yet been issued. The Company must issue a
news release when the private placement closes. In addition, the
Company must issue a news release if the private placement does not
close promptly.
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