6m unit private placement completed
USA Video Interactive Corp US
Shares issued 49,176,088 Oct 20 close $0.075
Tue 20 Oct 98 News Release
Mr. Anton Drescher reports
Further to the news release in Stockwatch, July 13, 1998, whereby the
company disclosed that it had arranged a private placement of 6,000,000
units at 10 cents, the company has now received regulatory acceptance of the private placement. Each unit consists of one share and one warrant to purchase an additional share for two years at 10 cents. The 6,000,000 shares and warrants have now been issued to the private placees. The shares and any shares issued upon conversion of the warrants are subject to a hold period expiring on Sept. 30, 1999. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
PR agreement; stock options
USA Video Interactive Corp US
Shares issued 49,176,088 Oct 20 close $0.075
Wed 21 Oct 98 News Release
Mr. Edwin Molina reports
The Cantermore Group, of Waterloo, Ontario, has been retained to provide business, sales and marketing consulting services to the company for one year and renewable annually.
The company has granted to John Cullen, of The Cantermore Group, an incentive stock option to purchase up to 250,000 shares of the company at 10 cents per share, exercisable for two years.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
