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Technology Stocks : BOWG/Suite101.com, a GCTY with a twist

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To: Postman who wrote (75)4/9/1999 9:49:00 PM
From: Glenn Petersen  Read Replies (1) of 174
 
BOWG has raised the full $5.0 MM.

biz.yahoo.com

Friday April 9, 1:24 pm Eastern Time

Company Press Release
SOURCE: Suite101.com, Inc.
Suite101.com, Inc. accepts subscriptions to (US) $5.0 million of
securities

VANCOUVER, April 9 /CNW-PRN/ - Suite101.com, Inc. (OTC BB: BOWG)
announced today that it has received and accepted subscriptions for (US)
$5.0 million of securities sold in units at price of (US) $5.00 per
unit. Each unit consists of two shares and one warrant, with each
warrant entitling the holder to purchase an additional share at a price
of (US) $4.50 per share until February 29, 2000. The subscription
proceeds received reflect the sale of all of the securities offered in
the Company's recent private placement. The purpose of the offering is
to provide funds to further the development of the Company's business
plans and provide working capital. The securities have not been
registered under the Securities Act of 1933 and may not be offered or
sold in the United States absent registration or an applicable exemption
from the registration requirements.

SOURCE: Suite101.com, Inc.
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