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Gold/Mining/Energy : CDN. MOMO PUPPIES

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To: Lola who wrote (22040)	1/27/2000 6:16:00 PM
From: SwampDogg	Read Replies (2) of 36688

This is getting crazy... Professor Plum did it in the Ballroom with the candlestick... Luxmatic Technologies N.V. - Luxmatic negotiating major transaction Luxmatic Technologies N.V. LTG Shares issued 7,534,509 2000-01-26 close $0.75 Thursday Jan 27 2000 Mr. John Hislop reports Luxmatic is in negotiations with an arm's-length party in connection with a proposed major transaction. Luxmatic has reserved an undiscounted price of 65 cents per share for the up to seven million common shares and two million warrants to be issued pursuant to the proposed major transaction to the principal shareholders of the target company. In addition, the target company is in the process of completing a financing of up to 10 million special warrants or units, not including penalty stock, each unit or special warrant consisting of one common share and three-quarters of one warrant. The corporation has also reserved up to 13 million common shares and 13 million warrants for issuance at a price of 65 cents per share to acquire the shares and warrants of the target company issued under the financing, as well as all agents' warrants and penalty securities for the financing. Further, the corporation has reserved up to 13 million common shares at a price of 75 cents per share for issuance in connection with the exercise of the warrants of the corporation to be issued. The completion of the proposed major transaction is subject to regulatory approval and Luxmatic is required to file a formal application with the Canadian Venture Exchange within 14 calendar days of this press release to maintain the price reservation. Luxmatic has reserved a discounted price of 75 cents per share for the grant of stock options to acquire up to two million common shares in the event the proposed major transaction, including the financing of the target company, is completed. The grant of stock options is subject to regulatory approval and the corporation is required to file a formal application with the Canadian Venture Exchange within 14 calendar days of this press release to maintain this price reservation. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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