Greenhope Resources Inc (GRH) Message Board

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Gold/Mining/Energy : Greenhope Resources Inc (GRH)

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To: keith massey who wrote (13)	1/28/2000 12:59:00 PM
From: AriKirA	of 32

A few excerpts from the information circular sedar.com The acquisition Pursuant to an acquisition agreement dated January 21, 1999, between the Company and the shareholders of 3695336 Canada Inc. (known herein for convenience as “HEAD4”), the Company will purchase 100% of the issued and outstanding shares of HEAD4 (the “HEAD4 Acquisition”) in exchange for the issuance of a total of 9,000,000 escrowed common shares in the capital of the Company to the shareholders of HEAD4 in proportion to their current holdings of HEAD4 Common shares as described in the following pages. The HEAD4 Acquisition is conditional upon the following: (a) the approval of either the Canadian Venture Exchange (the “CDNX”) or the Montreal Stock Exchange (the “MSE”) of the proposed issuance to the HEAD4 shareholders and the listing of the Company's Common shares including those shares proposed to be issued to the HEAD4 shareholders; and (b) the Company concluding, concurrently with the completion of the terms of the HEAD4 Acquisition, a cash financing of $2 million by an issuance of units (the “Units”) in its capital at a price of $0.80 each, each Unit to consist of one Common share of the Company and a one-half Common share purchase warrant. Each whole warrant will be exercisable into a further Common share of the Company at the following prices: (i) $1.00 per share during the 12 months following the issuance of the Units; and (ii) $1.25 per share during the second 12 month period following the issuance of the Units. Dundee will receive a $25,000 work and sponsorship fee plus 8% commission on funds raised and warrants to purchase 10% of any Units placed which warrants are exercisable for a two year period from closing at $0.80 per Unit. The shares of the Company acquired by HEAD4 shareholders pursuant to the HEAD4 Acquisition will be held in escrow according to the provisions of an escrow agreement in the form required by the CDNX or other regulatory authority, AK

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