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Gold/Mining/Energy : Safe Environment (SFU.AL) - was Roper Resources

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To: Jim Bishop who wrote (589)1/19/2000 6:49:00 AM
From: Buckey  Read Replies (1) of 635
 
Safe Environment Engineering debenture financing

Safe Environment Engineering Canada Inc SFU
Shares issued 22,184,300 Jan 17 close $0.11
Tue 18 Jan 2000 News Release
Mr. W.T. Styffe reports
Safe Environment Engineering has arranged five-year convertible debentures
in the principal sum of $250,000. The debentures bear interest at 8 per
cent per year and are convertible into units at an exercise price of 10
cents to a maximum of 2.5 millijon units. Each unit consists of one common
share and one warrant. Each warrant is exercisable at a price of 12 cents
for a period of two years. The proceeds will be used to finance product
development with respect to an agreement with Defreitas Plastics of
Richmond, B.C., announced in Stockwatch Dec. 8, 1999.
Defrietas Plastics develops and manufactures products sold to the
construction industry. Defreitas and the company have agreed to develop
existing product lines of Defreitas and to commercialize a patented preset
cast in place concrete anchor used to attach a broad range of mechanical,
electrical and architectural components to concrete building structures.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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