CANCALL CELLULAR COMMUNICATIONS INC. - Private Placement-Non-Brokered
Market News Publishing, Tuesday, April 08, 1997 at 00:17
(Published on Monday, April 07, 1997 at 17:53)
The Vancouver Stock Exchange has accepted for filing
documentation with respect to a Convertible Debenture Non-
Brokered Private Placement announced September 3, 1996:
Total Debenture: $2,265,700 at 10% per annum up to October
31, 2001
Terms: Each debenture is convertible into common
shares in the capital of the Company as
follows:
(a)Up to and including April 30, 1997 at a
price equal to the average quoted closing
price of the Company's common shares for
the five days immediately prior to the
issue date of the debenture (the 'Strike
Price').
(b)From May 1, 1997 to and including October
31, 1997 at the Strike Price plus 15%.
(c)From November 1, 1997 to and including
April 30, 1998 at the Strike Price plus
30%.
(d)From May 1, 1998 to and including October
31, 1998 at the Strike Price plus 45%.
(e)From November 1, 1998 to and including
April 30, 1999 at the Strike Price plus
60%.
(f)From May 1, 1999 to and including October
31, 2001 at a Strike Price plus 75%.
Placees: Gestor
$417,000
Credit Suisse $97,300
BBL France $111,200
Bank Rinderknecht $139,000
William D. Byrne $173,750
Patrick Vincent Landy $139,000
Aurum Nominees Ltd. (A/C 171) $139,000
Aurmum Nominees Ltd. (A/C 195) $139,000
Rahn & Bodmer $139,000
Pictet & Cie $139,000
Euroleader Ltd. $139,000
CIC Paris $347,500
Relko Nominees $145,950
Finder's Fee: A fee of $226,570 is payable to David
Byrne.
These securities have not yet been issued. The Company shall
issue a news release if the private placement does not close
promptly. |
