1999-04-16 HTRN CDN/OTC 180,000 PRIVATE PLACEMENT
TORONTO, ONTARIO--
Hall Train Entertainment Inc. is pleased to announce that the
Company has agreed to an "Arms's Length" Private Placement of
$180,000, with Pacton Limited for 3,600,000 Common Shares at a
price of $0.05 per share.
The Proceeds from the Private Placement will be used to create a
Travelling Exhibit featuring the new Canadian territory of
Nunavut. This will be an educational exhibit which will travel to
various venues across Canada. For the past five years Hall Train
Entertainment has been a prime contractor in building many
successful Travelling Exhibits such as the "Dinosaurs of Jurassic
Park: The Lost World" and now the company is embarking on a new
course of owning its own exhibits. Therefore, not only will Hall
Train Entertainment derive revenues from corporate sponsorships,
ticket sales, merchandising etc. it will retain ownership of the
models displayed in the Nunavut exhibit. Thus the entire exhibit
becomes an integral part of Hall Train Entertainment's asset
base.
In addition, the Board of Directors has unanimously voted to
accept the resignation of Lawrence Keller as a Director of the
Company and is pleased to announce that Greg Roberts of
Jacksonville Beach, Florida has been appointed a Director of Hall
Train Entertainment. Mr. Roberts will act as a financial
consultant to the Company and assist in funding specific future
projects.
Hall Train Entertainment has commenced the implementation of its
planned dynamic growth strategy coupled with aggressive,
synergistic acquisitions to further increase its revenue base,
thus increasing shareholder value.
-END-
Hall Train Entertainment Inc. is an award winning entertainment
and communications company that develops and produces a diverse
line of products including design, concept development, live and
dimensional animation, fabrication, special effects, interactive
media and film production.
Shares outstanding: 15,980,085
CORPORATE CONTACT:
JOHN IRISH
Tel: (416) 955-9007
Fax: (416) 955-9388 |
