2000/9/19 - Imagis Receives Regulatory Approval Regarding The Fiscal Agency Agreement Between Imagis and Somerset Financial Group, Inc.
Vancouver, Canada - September 19, 2000; (OTCBB: "IGSTF"; CDNX: "NAB"; Frankfurt: "IGY") - Imagis Technologies Inc. ("Imagis") reports that further to its news release of July 31, 2000 that Imagis has received regulatory approval regarding the Fiscal Agency Agreement between Imagis and Somerset Financial Group, Inc. ("Somerset") of New York as its non-exclusive U.S. financial advisor.
Imagis has paid Somerset a fee of US$10,000 and has issued 50,000 warrants exercisable at CDN$4.00. The warrants will be exercisable for a period of two years effective May 1, 2002.
Imagis further announces that on May 25, 2000 it granted incentive stock options to directors and employees under its 1999 Stock Option Plan to purchase up to 300,000 shares at $3.00 per share expiring May 25, 2005 and options to purchase up to 25,000 shares effective July 3rd, 2000 at $3.75 per share expiring on July 3, 2005. These options are subject to regulatory approval.
Forward Looking Statements
Statements made in this press release that are not historical or current facts are "forward looking statements" made pursuant to the safe harbor provisions of federal securities laws. Forward looking statements represent certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected.
Stock symbol: NAB - CDNX Exchange, IGY - Frankfurt Exchange, IGSTF - OTCBB
Investor Relations/Media Contact: Sandra Buschau, Director
Tel: (604) 684-4691 Fax: (604) 684-4601
email: sandy@ipm.bc.ca
Product Sales: 1-800-667-2066
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