Valu-Net Corp (VNE on ASE - was Faymar) Message Board

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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)

VNE 36.95

0.0%

Apr 1 5:00 PM EST

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To: AGORA who wrote (708)	2/12/1999 11:48:00 AM
From: Zardoz	Read Replies (1) of 974

"David Lucatch, will make himself available for telephone calls later next week and most likely on the afternoon of Thursday, February 18." "...requests that interested shareholders submit their intentions and questions in advance" Why? Since you are playing Interent Relations for this company I will ask these to you first. 1) Is or is not the PP going through: "Valu-Net signed an agreement to issue 6.67 million units in equity financing, via a private placement. Each unit is comprised of one common share at 90 Canadian cents and one full warrant to purchase one common share at $1.25 (Canadian). The first phase of the private placement, totalling up to $6-million (Canadian), is expected to close on or before Feb. 28, 1999..."? Is the PP going to be done? Or has it been completed? 2) What is the expected cashflow going to come from? And where from? Start with these two. Thanks in advance.

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