Unitec Int. Controls Inc. Message Board

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Gold/Mining/Energy : Unitec Int. Controls Inc.

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To: Richard Saunders who wrote (794)	4/23/1999 3:29:00 PM
From: Link Lady	Read Replies (1) of 856

Thought I'd repost this from News Release of 11/03/98 newswire.ca 'The Saskatchewan Opportunities Corporation (SOCO) will provide $2 million in a combination of loan and debenture financing for the new operations. The loan will be for $1 million with a five year term, while the debenture of a further $1 million will be for a three year term, convertible into common stock of the Company at $1.00 per share. A 200,000 share bonus will be provided in consideration of the loan. SOCO will also be granted 500,000 warrants with an exercise price of $1.00 for a 2 year period. SOCO is a Crown corporation of the Government of Saskatchewan with a mandate to facilitate economic development in Saskatchewan through investment in viable business.'

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