Press Release out!
I guess it was published after the bell friday.
CENOSIS ANNOUNCES THE CONCLUSION OF A FINANCING OF 2.5 MILLION DOLLARS
MONTREAL, Feb. 10 /CNW/ - Cenosis inc. (ME: ``CE'), at the Montreal
Exchange request, wishes to comment on its current activities of its stock by
announcing the conclusion of a bridge financing with investors, soon to be
completed with a private investment of 2.5 million dollars. This financing is
a result of step taken by the Company, as indicated in the February 1st 2000
press release. In accordance with private investment conditions, each minimum
capital investment of 150 000 dollars will enable the subscriptor to obtain
68 182 units including one common share and half of a warrant. Each whole
warrant will give the right to acquire common shares at the exercice price of
2.20$ for a maximum period of 6 months after the investment closure. The
majority of the funds will be used to proceed with the commercial launch,
jointly with Bell Nexxia, of the new broadband digital transfer service of its
subsidiary Kangacom. This transaction is subject to regulatory authorities .
Cenosis is a high-technology company active in the design and development
of workflow software for the print media and publishers, in applications
development for digital data transfer in the graphic arts industry, and also
in systems integration. The company offers complete information technology
solutions and turnkey services resulting in substantial productivity gains for
customers. Its shares are listed on the Montreal Exchange and trade under the
symbol ``CE'. Cenosis has an internet site at the following address:
cenosis.com.
KangaCom, a subsidiary of Cenosis Inc., an e-commerce business dedicated
to the management and digital data transfer for the printing and the graphic
arts industries. Stemming from a recent partnership between Bell Nexxia and
Censosis, KangaCom will market extranet solutions using Bell Nexxia's
wide-band IP network, which has a capacity of 160 gigabytes per second. As
such, the transfer of large amounts of graphics information from one country
to another can be done in seconds, resulting in a dramatic reduction in
production time and delivery time to the client.
-30-
For further information: Richard Corbo, Pr‚sident & Chief executive
officer, Cenosis inc., (450) 682-8170, Internet : rcorbo@cenosis.com
CENOSIS INC. has 47 releases in this database. |
