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Technology Stocks : TSI TelSys Corporation - Satellite communications
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To: TheBusDriver who wrote (79)3/11/1999 5:03:00 PM
From: MF  Read Replies (1) of 241
 
TSI TelSys arranges $2-million (U.S.) credit facility

TSI TelSys Corp TSI
Shares issued 9,754,200 Mar 10 close $1.65
Thu 11 Mar 99 News Release
Mr. Paul Sevigny reports
Further to news in Stockwatch Jan. 22, 1999, the company's operating
subsidiary, TSI TelSys, Inc., has completed a new $2-million credit
facility with The CIT Group/Credit Finance Inc., one of the leading
asset-based lending institutions in the United States.
As a term of the proposed credit facility, CIT has been granted 80,000
share purchase warrants in TSI TelSys Corporation which will entitle CIT to
purchase 80,000 shares of the company for five years from the date of
closing at a price of $1.87 per share.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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