Capital Alliance Group - CPT (CDNX) Message Board

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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)

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To: Crazy Canuck who wrote (209)	4/3/2000 10:51:00 AM
From: Crazy Canuck	Read Replies (1) of 960

*Here are some of the highlights that stand out for me.* - The Company has received an overwhelming response from the global investment communities - The Company fully expects that this offering will be over subscribed - The Company has received commitments of US$8.68M. In addition, to this US$8.68M commitment, the Company has also reserved up to US$2 million for two International institutional investors - The (international) institutional investors include: * a subsidiary of the third largest bank in the world in 1998 * Three technology and equity fund companies * Two private investment banks - US$2 million has been reserved for two other international institutional investors - The company . . . has no intention to accept funds which will result in over subscription, nor will it allow any dilution of SEG's holding interest - The Company's consolidated cash balance . . . by April 30th, 2000 is projected to be Canadian $18.75 million dollars. When I read this press release (the CDNX version), I became excited over what this news means. When the 1st round financing actually does close in a very short period of time, and given that this new is an excellent indication of the type of support that can be expected for the second round of financing, then SEG's IPO should smoke when it comes out! Yes, it is very nice to know that this company, their business model, and their management team is being so well received. After all, if you think of it, the institutional investors who are (or are coming on board) are very shrewd investors who obviously see the same opportunity for growth that we do. This could be a very interesting run up to the GEM IPO! Crazy Canuck

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