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Gold/Mining/Energy : NEXTERRA: A.NEX The Online Back experts
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To: Tupulak who wrote (2)2/18/2000 10:48:00 PM
From: Tupulak  Read Replies (1) of 5
 
NEXTERRA PROPERTY GROUP INC ("NEX-V") - Corporate Update

Nexterra Property Group Inc. (the "Corporation") is a junior capital pool issuer whose common shares
trade on the Canadian Venture Exchange under the symbol "NEX".

In November, 1999, the Corporation announced a proposed purchase of substantially all the assets of
Toronto-based Backs Etc. Inc. and Backs Etc. Franchising Inc., which purchase was subject to the
satisfaction of various conditions. The acquisition, together with a proposed financing, were intended to
qualify as the Corporation's "Major Transaction".

Various conditions to the proposed acquisition have not been satisfied within their respective time
periods, and therefore the Corporation and the proposed Vendors have agreed to allow the proposed
purchase to lapse.

The Corporation is continuing its investigation of other potential transactions which would qualify as the
Corporation's "Major Transaction". TEL: (416) 482-4959 Gary N. Lands, President and CEO FAX:
(416) 482-8026 E-mail: lands@nexterra.com
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