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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF
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To: TERRY McCartan who wrote (564)5/17/1999 4:20:00 PM
From: Syncrude  Read Replies (2) of 776
 
Terry,

This news was not unexpected in the marketplace, only the more precise terms were not. We now know that 250,000,000 shares will be issued by SBX, the is $10,000,000 worth of shares will also hit the streets and there are the $0.50 warrants as well. With CDPlus assets of $17.3mm as at December 31, 1998 plus SBX cash, it still adds up to a large market cap for an e-commerce stock.

Will there be a movement of buyers wanting to get in? I hope so. How badly will buyers want SBX, I think far less than some would have liked, but more than yesterday as it looks more certain that the deal will close.
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