Some more again !!! This help you understand more about the company. Let me tell ya. I also learned a lot from this !
After the reverse acquisition, they will raise more funds to bring the company across Canada and the U.S.
This is also why the stock rose from $1.75 to $3.50 recently. The acquisition has been approved. Now their plan goes into action !!!
What do you think ???
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FVC FIRST VENTURE CAPITAL CORP.
450 - 999 West Hastings Street
Vancouver, B.C.V6C 2W2
Tel: (604) 683-3070
FOR IMMEDIATE RELEASE
Trading Symbol - FVC.VSE
News Release No. 03
UPDATE
Vancouver, B.C., January 29, 1999 -- FVC First Venture Capital Corp. (the Company) advises that at its January 12th Special Meeting of shareholders, the Company received approval of shareholders to the acquisition of the outstanding shares of Lasik Vision, changing the Companys name, and the implementation of a stock option plan granting a further aggregate of 3,000,000 incentive stock options.
The Company is ready to complete its brokered private placement of 1,100,000 special warrants at a price of $0.50, subject to the completion of the acquisition.
To fund Lasik Visions future Canadian expansion plans, the Company is actively seeking future financings either by way of bridge loans and/or the issuance of convertible debentures after the acquisition is complete.
The Company is unaware of the reasons for the recent increase in the price of the Companys
shares.
FVC FIRST VENTURE CAPITAL CORP.
signed Douglas L. Mason
Douglas L. Mason, President
For further information please contact:
Waterfront Communications, Kelly Lendvoy or Dan Evans (Tel: (604) 683-3070)
THE VANCOUVER STOCK EXCHANGE NOR ANY OTHER REGULATORY BODY HAS REVIEWED AND THEREFORE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
