Inflazyme Pharmaceuticals (T.IZP) Message Board

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Gold/Mining/Energy : Inflazyme Pharmaceuticals (T.IZP)

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To: David Graham who wrote (1249)	6/2/1999 6:58:00 PM
From: Chuca Marsh	Read Replies (2) of 1501

Whom are the Eight others? RE: Inflazyme Pharmaceuticals Ltd - Inflazyme private placements Inflazyme Pharmaceuticals Ltd IZP Shares issued 24,997,493 1999-06-01 close $1.63 Wednesday Jun 2 1999 The Vancouver Stock Exchange has accepted for filing a non-brokered private placement of: No. of shares: 11,185,814 Class A preference shares, Series 1 Price: $1.00 The preference shares will be convertible into common shares of the company based on the following formula: (the amount paid by the placee for the preference shares plus cumulative dividends)/(the greater of (1) the highest average market price for the common shares of the company for the 90 days immediately preceding the issuance of any tranche of the preference shares not to exceed $2.00 (U.S.) per common shares; or (2) the average market price for the common shares for the 90 business days immediately preceding the conversion of such preference shares into common not to exceed $6.00 (U.S.)) Placee: Hoechst Marion Roussel Inc. (insider) Brokered Private Placement The Vancouver Stock Exchange has accepted for filing a brokered private placement of 12,375,000 special warrants at $1.25. Conversion terms: One common share for each special warrant subject to increase to 1.1 if the company does not obtain a receipt for a prospectus qualifying the common shares within 120 days of closing of the special warrant offering Placees: Sovinov Societe Financiere 2.4 million; Working Opportunity Fund 2.4 million; Business Development Bank of Canada 2.4 million; Goldman Sachs Group (insider) 600,000; and eight others Agents: First Marathon Securities Limited; CIBC Wood Gundy Securities Inc.; and RBC Dominion Securities Inc. Agents' fees: Cash payment of 7 per cent of the total amount raised from new investors. Cash payment in the amount of 3.5 per cent of the total amount raised from current investors; and agents' warrants in the amount of up to 10 per cent of the number of special warrants (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com What was the date of the Neil M sell rec? He rec'ed Jaba a few years ago and a sell when it was a dime and Ran to .70- last May. He missed the "Mark/Call" then because the word was that there was some sort of grudge thing with a Diector Board-Officer thing that changed at Jaba < JBA:ASE> . Just for the contraryness of it, I think I will hold. Maedell is more wrong in my Mad List than correct. Last year he pumped up Nortran lots and watch that thing fall 50% back down! BTW, are you the Former IR I talked to at IZP, after Jim K left? Chuca

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