LUXOR INDUSTRIAL CORP. -- Worth checking out ! Message Board

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Non-Tech : LUXOR INDUSTRIAL CORP. -- Worth checking out !

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To: Rick Boardman who wrote (163)	5/28/1999 3:44:00 PM
From: FoxyLoxxy	Read Replies (1) of 178

News Release Luxor Industrial agrees to private placement Luxor Industrial Corporation LRL Shares issued 15,343,620 May 27 close $0.96 Friday 28 May 99 Mr. Budd Iwaschuk reports The company has agreed to a private placement of its securities which will consist of the sale of 200,000 units at 77 cents per unit. Each unit consists of one common share and a two-year non-transferable share purchase warrant with each such share purchase warrant entitling the holder to purchase one additional common share for the company for 77 cents during the first year of the warrant and for 90 cents during the second year of the warrant. The proceeds from the private placement will be used for general working capital. The private placement referred to in this news release is subject to acceptance for filing by the Vancouver Stock Exchange. ********************************************************************** I assume this means that we should not be expecting any great sales reports for the first half of 99. Gee, I wonder how those people who participated in the $1.15 private placement last January feel about this? What do you think, Rick?

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