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

To: William Whitehead Jr. who wrote (2827)	6/29/1999 11:46:00 PM
From: Ruyi	Respond to of 3896

These warrants aren't cheap !!! In connection with the issue and sale of 3.1 million special units by the company. The special units will be issued and sold at a price of $6.50 per special unit for aggregate gross proceeds to the company of $20,150,000. The transaction is subject to regulatory and is scheduled to close on or about May 10, 1999. Subject to adjustment in certain events, each special unit will entitle the holder to acquire, for no additional consideration, one common share and one-half of one common share purchase warrant of the company. Each purchase warrant will be exercisable to acquire one common share at a price of $10 for a period ending 16 months following the closing date. In the event that Microforum fails to obtain receipts for a final prospectus qualifying the distribution of the securities underlying the special units from applicable securities regulators prior to certain prescribed deadlines, each special unit holder will receive 1.1 special units for every special unit subscribed to. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com