CANADA PAYPHONE - CPY(vse) Message Board

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Gold/Mining/Energy : CANADA PAYPHONE - CPY(vse)

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To: humanitar who wrote (129)	1/21/2000 8:50:00 PM
From: canadian crude	Read Replies (1) of 171

Now I know why Canaccord was actively selling into the market holding the price down.... I believe that CDNX rules allow for a maximum 15% discount from the average of the last 10 days of trading. Thus, we see a $1.40 pp price. Now that Canaccord has loaded up.... this one is going to fly. IMO 1/20/00 - Private Placement with Canaccord Capital CANADA PAYPHONE CORPORATION ("CPY-V") - Private Placement with Canaccord Capital Corporation Canada Payphone Corporation (the "Company") is pleased to announce that it has entered into an agreement with Canaccord Capital Corporation in respect of a proposed private placement of between 1 and 2 million units at a price of $1.40. Each unit will consist of one common share of the company's stock and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one further common share of the Company at a price of $1.60 per common share for a period of nine months.

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