MetroNet Communications Corp (METNF) Message Board

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Technology Stocks : MetroNet Communications Corp (METNF)

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To: MangoBoy who wrote (21)	5/28/1998 7:22:00 PM
From: MangoBoy	Read Replies (1) of 30

[MetroNet Communications to Issue US$350 Million Senior Discount Notes] CALGARY, May 28 /CNW-PRN/ - MetroNet Communications Corp. announced today that it intends to issue US$350 million (gross proceeds) of Senior Discount Notes due 2008 to fund a portion of the cash purchase price for its pending acquisition of Rogers Telecom Inc. Such securities will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption therefrom. MetroNet originally announced the acquisition of Rogers Telecom Inc. on May 20, 1998. MetroNet Communications is a public company with its common stock traded on the Toronto and Montreal stock exchanges under the symbol MNC.B and on the NASDAQ National Market System under the symbol METNF. SOURCE: MetroNet Communications Corp. -0- 05/28/98 /CONTACT: Bruce M. Mann, Vice President, Investor Relations, MetroNet Communications, (403) 213-0890/

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