To: The Osprey who wrote (113 ) 6/11/1999 10:00:00 AM From: Buckey Respond to of 171
SGD - Deal out this morning and they are not selling the farm to do it Serengeti Minerals Ltd - Serengeti Minerals acquires www.categorE.com Serengeti Minerals Ltd SGD Shares issued 25,822,979 1999-06-10 close $0.15 Friday Jun 11 1999 Mr. Ian Brown reports The company has acquired, subject to approval, www.categorE.com, an existing and operational Web domain. The categorE Web site is an easy-to-use Internet gateway that organizes information into popular and frequently sought categories. It allows Internet users to quickly view and select the best site, category or guide to their area of interest. www.categorE.com also offers a quick-jump feature to nine of the most popular search engines on the Web including Alta Vista, Excite, Hot Bot, Infoseek, Lycos, Planet Search, Snap, Yahoo, and Webcrawler. www.categorE.com has in excess of 100 definitive revenue-sharing agreements with some of the top merchants on the Web including: Amazon.com, Autoweb.com, BarnsandNoble.com, Beyond.com, Carprices.com, Chapters.ca, Delias.com, Dell, Gigabuys.com, Cyberian Outpost.com, 1800Flowers.com, Goto.com, Impulse Buy, Network Solutions, Publishers Clearing House, Xoom.com and many others. www.categorE.com is a significant Internet platform with scope for substantial expansion and development. Strategic marketing initiatives are under review and new developments are anticipated. Proposed terms for the acquisition of www.categorE.com are the issue of 100,000 Serengeti shares, plus options to acquire an additional 900,000 shares for cash, commencing with 100,000 exercisable at 20 cents and increasing by 10 cents per share increments for each 100,000 shares acquired. If all of the foregoing options are exercised, the company would receive cash of $540,000. Serengeti will remain active in mineral exploration including its 25 per cent free carried interests in six Tanzanian target areas with the AngloAmerican Group.