Net Shepherd Obtains Receipt for Prospectus to Qualify Distribution of Common Shares
and Share Purchase Warrants
CALGARY, Jan. 28 /CNW/ - Announced today, Net Shepherd Inc. (ASE:WEB) has
obtained receipts from the securities commissions in Alberta and Ontario for
its prospectus qualifying the distribution of 4,315,359 Common Shares of Net
Shepherd Inc., and 4,103,320 Warrants to purchase Common Shares of Net
Shepherd Inc. The Common Shares are issuable by the Corporation upon the
exercise of previously issued Special Warrants. The Special Warrants were
issued by the Corporation in 1998 in three separate traunches. In the first
traunch, which closed on January 30th, 1998, 1,366,663 Special Warrants were
issued. 1,069,996 Special Warrants were issued in the second traunch, which
closed on March 12th, 1998. The final traunch consisting of 1,666,667 Special
Warrants closed on July 31st, 1998.
Special Warrants issued on either of the first two closings dates entitle
the holders to acquire, for no additional cost 1.1 Common Shares of Net
Shepherd Inc., and one Warrant. The Warrant entitles the holder to purchase an
additional Common Share for $0.50 on or before April 30th, 1999. Each Special
Warrant issued on July 31st, 1998, entitles the holder to acquire for no
additional consideration one Common Share and one Warrant. The Warrant
entitles the holder to purchase an additional Common Share for $0.50 on or
before July 31st, 1999.
Net Shepherd is a leading provider of virtual community software, tools,
services and information for businesses that want to transform the way they do
business. The Corporation offers a full line of virtual community software
solutions, and systems integration services. Additional information on Net
Shepherd is available on the 'Net at netshepherd.com. Net Shepherd
Inc. is traded on The Alberta Stock Exchange under the symbol WEB.
''THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN.''
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For further information: Ric Charron, Chief Financial Officer, Net
Shepherd Inc., (403) 218-8921, ric.charron@netshpherd.com, Lisa Strong,
Corporate Communications, Net Shepherd Inc., (403) 218-8917,
lisa.strong@netshepherd.com
NET SHEPHERD INC. has 49 releases in this database. |
