News! (I like the way they phrase "A few of these companies are likely to undertake a liquidity event in the next six to 12 months."
Cheers,
Rob
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Jordex Resources name change to iTech Capital Corp.
Jordex Resources Inc JDX
Shares issued 30,374,357 2000-03-14 close $3.25
Tuesday Mar 14 2000
Mr. Brian Hinchcliffe reports
Jordex Resources Inc. shareholders have overwhelmingly approved a change in the company's name to iTech Capital Corp. Effective Wednesday, March 15, the company's listing symbol on the Toronto Stock Exchange will be changed to ITE.
"The name change, approved at a special meeting of shareholders March 10, reflects the organization's new direction as a business development company, providing financial and human resources to emerging technology companies," said iTech chairman Brian Hinchcliffe.
"iTech Capital's focus is on business-to-business (B2B) e-commerce and telecommunications, two sectors that we believe offer the best opportunities for building shareholder value in the new economy."
iTech Capital's strategy of investing in emerging technology companies allows its investors to participate in the phenomenal growth of companies in the Internet and telecommunications industries. The company's goal is to grow world-class companies by providing the financial resources and the incubation services required for success.
"We are investing in the new economy," said Hinchcliffe. "We are giving our shareholders a window on the fastest growing, most exciting U.S. companies in the new economy."
In the past 10 months, iTech has made investments in five emerging growth companies. iTech's co-investing alliances with two venture capital firms, The Argentum Group, in New York, and MF Private Capital, of Boston, provide iTech with a steady stream of investment opportunities in the Internet and telecommunications industries. A few of these companies are likely to undertake a liquidity event in the next six to 12 months.
Shareholders at the March 10 meeting also approved the appointment of two new directors, Dale M. Flanagan, senior partner in the TMP executive search division, TMP Worldwide, the parent company of the leading Internet employment site Monster.com, and Paul M. Stein, partner in the Canadian law firm of Cassels, Brock & Blackwell.
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