SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : waterfront capital- wcc (ase)
WCC 287.69+0.8%2:01 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rock who wrote (18)8/21/1997 4:54:00 PM
From: Ed Pakstas  Read Replies (1) of 25
 
!!!!!!NEWS RELEASE!!!!!!!!

$1.5m financing

Waterfront Capital Corporation WCC
Shares issued 17,130,500 Aug 20 close $0.28
Thu 21 Aug 97 News Release
Mr Daniel Evans reports
The company intends to conduct a private placement of convertible debentures for $1,500,000. The company has reached an agreement in principle with Global Securities Corp whereby Global will act as the company's agent to sell the private placement. The debentures will have a term of five years and will bear interest at 10% per year, calculated and compounded quarterly. The debentures shall be non-redeemable by the company for a period of two years from closing and shall only be redeemable upon 30 days notice. The debentures shall be convertible into shares at $0.50 at
anytime after two years from closing up to maturity at the option of the holder.

In consideration for acting as agent, Global will receive a commission of 7% of the gross proceeds realized from the sale of the debentures and a non-refundable corporate finance fee of 1% of the gross proceeds. Global will also be granted warrants to purchase up to 500,000 shares at $0.50 for two years.

(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News