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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: arisetech who wrote (2770)	6/28/1999 12:07:00 PM
From: swot	Read Replies (1) \| Respond to of 3896

newswire.ca Attention Business Editors: Microforum Inc. receives final receipt for special warrant financing completed on March 8, 1999 TORONTO, June 28 /CNW/ - Microforum Inc. (TSE:MCF) is pleased to announce that it has received a final receipt from the Ontario Securities Commission in connection with a private placement financing for proceeds of $3,325,500 completed on March 8, 1999. Microforum's financing was completed through Taurus Capital Markets Ltd. and Kearns Capital Limited by way of the sale of 2,891,739 Special Warrants at a price of $1.15 per Special Warrant. The Special Warrants have been deemed exercised for 2,891,739 Common Shares. The net proceeds of the financing were used by the Company to partially fund the acquisition of Software Guaranty Inc. and the balance for working capital purposes. About Microforum Microforum Inc. is a leading Internet applications and technology services corporation providing a broad range of electronic commerce and integrated marketing, creative and database services. Microforum's wholly owned subsidiaries include Internet Frontier Inc. (iFront), Software Guaranty Inc., PPL Marketing Services Inc., Marshall Fenn Communications Inc. and Poste Haste Systems Inc. iFront is a Microsoft Certified Solution Provider, Partner providing the proprietary iFrontECS e-commerce engine. Software Guaranty is a Microsoft Certified Solution Provider, Partner providing the proprietary CALMS system. PPL Marketing Services has achieved the prestigious ISO9001 and the Ford Q1 Quality Certifications. Howard Pearl President & Chief Executive Officer Frank Iadipaolo Chief Financial Officer & Secretary -30- For further information: INVESTOR INFORMATION - The Investor Relations Group 1-800-444-9214, (604) 689-5255, irg@invrel.com, www.invrel.com; or CORPORATE INFORMATION - Howard Pearl, CEO and President, Microforum Inc. (905) 670-8000, hpearl@mf.com