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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE)
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To: Bernard Poulin who wrote (273)1/22/1999 7:56:00 PM
From: coolslug  Read Replies (1) of 605
 
Oriole Systems Inc OOL
Shares issued 20,740,597 Jan 21 close $0.38
Fri 22 Jan 99 News Release
Mr. Al Gerenser reports
The company has arranged a private placement of a total of 1,666,665 units
at 30 cents to raise $500,000. Each unit will consist of one share and one
warrant to purchase an additional share at 30 cents within the first year
and at 35 cents in the second. Proceeds will be used for general working
capital.
The company is proceeding to prepare an AIF for filing that will allow the
issuance of securities with a four-month hold period rather than a one-year
hold period.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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