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FORM 27
MATERIAL CHANGE REPORT
Subsection 75(2) of the Securities Act (Ontario)
Subsection 118(1) of the Securities Act (Alberta)
Subsection 67(1) of the Securities Act (British Columbia)
Subsection 73 of the Securities Act (Quebec)
Subsection 84(1) of the Securities Act (Saskatchewan)
Subsection 76(1) of the Securities Act (Newfoundland)
1. Reporting Issuer
Microforum Inc., 1 Woodborough Avenue, Toronto, Ontario M6M 5A1
2. Date of Material Change
January 5, 1999
3. Press Release
A press release was issued in Toronto, Ontario on January 6, 1999 and
disseminated through the facilities of Canada NewsWire Ltd. A copy of
such press release is attached hereto.
4. Summary of Material Change
On January 6, 1999, the Company announced that it has sold the assets
associated with its Gamesmania electronic Internet magazine including
certain Internet services contracts associated therewith to CryptoLogic
Inc., a Toronto Stock Exchange listed Internet software development
company. The purchase price of the transaction was US$270,000 with
US$245,000 payable at closing and the balance of US$25,000 payable
three months following the closing date.
5. Full Description of Material Change
On January 6, 1999, the Company announced that it has sold the assets
associated with its Gamesmania electronic Internet magazine including
certain Internet services contracts associated therewith to CryptoLogic
Inc., a Toronto Stock Exchange listed Internet software development
company.
The sale was made by Internet Frontier Inc., a wholly owned subsidiary of
Microforum Inc. and the registrant of the Internet domain name |
