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Microcap & Penny Stocks : Mining/Internet Picks under $2 sh BUYS & SELLS $G-SPEC$

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To: Buckey who wrote (38)	5/5/1999 12:47:00 PM
From: Mr Metals	Read Replies (2) of 171

ROTFLOL....When does it end??? Contiki Resources Ltd - Contiki to acquire Internet soccer gambling business Contiki Resources Ltd TKI Shares issued 5,320,751 1999-04-30 close $0.29 Wednesday May 5 1999 Mr. D. Neil Briggs reports Contiki intends to enter the Internet soccer gambling business through the acquisition of GoldenGoals.com. Betting on soccer games is a very large business in the United Kingdom, estimated at over 500 million pounds sterling ($1.2-billion) annually. GoldenGoals.com will offer an easy, low-cost, fun way to win big prizes by predicting English Premier League soccer scores. The guaranteed top prize of one million ($2.4 million) is expected to attract many players. Other prizes will be paid as a portion of the pool of stakes collected. GoldenGoals.com operations will be based in the United Kingdom and designed to attract English Premier League soccer fans worldwide. The business will be fully licensed and regulated by the British government. Contiki has entered into an agreement with Alternative Card Company Ltd. and its shareholders to acquire all of the outstanding voting shares of Alternative from the existing shareholders. Alternative is a U.K. company that owns the GoldenGoals.com business and holds a licence from the British government to conduct on-line Internet gaming based on sporting events. Contiki will pay the following to acquire the Alternative shares: 3,750,000 common shares of Contiki to be held in escrow and earned out on the basis of one share for every 25 cents of net cash flow generated by the Internet gaming Web site; and a royalty of 7 per cent of gross revenues earned by the Internet gaming Web site, less all general and administrative expenses. The acquisition is subject to a number of conditions precedent, including satisfactory due diligence, Vancouver Stock Exchange approval and Contiki raising sufficient capital for past and future development and operational expenses. A finder's fee will be paid, with respect to the transaction, within the VSE guidelines. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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