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Gold/Mining/Energy : PYNG Technologies
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To: Bernard Elbaum who wrote (413)12/20/1997 5:38:00 PM
From: sPD  Read Replies (1) of 8117
 
$250,000 private placement at $0.88

Pyng Technologies Corp PYT

Shares issued 7,550,356 Dec 18 close $1.10

Fri 19 Dec 97

Mr Michael Jacobs reports

The company has negotiated a private placement of up to 284,091 units at
$0.88 for proceeds of $250,000. Each unit consists of one share and one
warrant to acquire an additional share for two years from the date of
closing at $0.88 in the first year and $1.01 in the second. The proceeds
will be used to bring the F.A.S.T. 1 system to market.

(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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