Cubix acquisitions
Cubix Investments Inc QBX
Shares issued 35,163,741 Feb 18 close $1.60
Mon 21 Feb 2000 Acquisition
The Canadian Venture Exchange has accepted for filing the company's
proposed acquisition of 750,000 units of Zconnexx Corporation (Benjamin
Swirsky, John Pozios, Anthony Goldstein, Alan Light and Jason Hawkins) via
a private placement subscription agreement between Zconnexx and Yorkton
Securities Inc. Zconnexx is a private company providing Web-hosting
facilities, Internet access and entry-level Web site design for small- to
medium-sized businesses. The subscription price is $2.00 per unit for a
total investment of $1.5-million. Each unit consists of 0.80 of one Series
1 preferred share, 0.20 of one Series 2 preferred share and one Series 3
common share purchase warrant. Each preferred 1 and 2 share is convertible,
for no additional consideration, into one common share of Zconnexx. Each
common share purchase warrant shall be exercisable for a period of two
years from closing into one common share of Zconnexx for $2.35 per share.
The CDNX has accepted for filing the company's acquisition agreement
between the company and On2.com, a company listed on the American Stock
Exchange, whereby the company can acquire 80,000 units of On2 for $12.88
(U.S.) per unit for a total investment of $1,030,400 (U.S.). Each unit
consists of one common share and one warrant to purchase 0.3 common share,
exercisable at a price per share equivalent to the closing price of On2's
shares on the day prior to closing of the unit acquisition.
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