GTT-V Global Tree Technologies Message Board

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Gold/Mining/Energy : GTT-V Global Tree Technologies

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To: MrsNose who started this subject	11/28/2000 2:39:24 PM
From: Nick Morvay	Read Replies (1) of 135

Global Tree completes financing Global Tree Technologies Inc GTT Shares issued 26,903,250 Nov 27 close $0.14 Tue 28 Nov 2000 News Release Mr. Thomas Kennedy reports Further to the Canadian Venture Exchange notice Oct. 27, 2000, the company has completed the private placement announced in Stockwatch Sept. 11 and Sept. 12, 2000, for 8,666,666 units at 15 cents per unit subject to final approval of the Canadian Venture Exchange. Gross proceeds for this private placement are $1.3-million. Each unit comprises one common share and one two-year warrant entitling the holder to purchase one additional common share at a price of 20 cents per share for the two-year period. The hold period for the common shares expires Nov. 24, 2001. The warrants are non-transferable notwithstanding the lapse of any resale restriction imposed by securities legislation or the CDNX. The proceeds of the financing will be used for payment of liabilities, general working capital and to finance the company;s mineral, forestry and technology projects. A finder's fee of $8,850 was paid to E.B.M. Investments Inc. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com

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