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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (48483)	7/5/1999 12:30:00 PM
From: nokomis	Read Replies (1) \| Respond to of 120523

Dug up some Toronto news which may be moving MCF stock (tse): News Story MCF - Toronto financing completed on May 10, 1999 TORONTO, July 2 /CNW/ - Microforum Inc. (TSE:MCF) is pleased to announce that it has received a final receipt from the securities regulatory authorities in the Provinces of Ontario, British Columbia and Alberta in connection with a private placement financing for proceeds of $20,150,000 completed on May 10, 1999. Microforum's financing was completed through Yorkton Securities Inc., Taurus Capital Markets Ltd., Kearns Capital Limited and Canaccord Capital Corporation by way of sale of 3,100,000 Special Units at a price of $6.50 per Special Unit. The Special Units will be deemed exercised for 3,100,000 Common Shares and 1,550,000 Purchase Warrants. Each Purchase Warrant entitles the holder to subscribe for one Common Share at an exercise price of $10.00 prior to September 10, 2000. The Company intends to use the proceeds of the financing for capital expenditures, to reduce indebtedness, to fund acquisitions and for working capital purposes. About Microforum Microforum Inc. (www.microforum.com) 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. (www.ifront.com) doing business as iFront and Software Guaranty (www.softwareguaranty.com), PPL Marketing Services Inc., Marshall Fenn Communications Inc. and Poste Haste Systems Inc. Internet Frontier Inc. is a Microsoft Certified Solution Provider Partner providing the proprietary iFrontECS(TM) e-commerce engine and the CALMS on-line credit approval 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 /For further information: INVESTORS - The Investor Relations Group,689-5255 or 1-800-444-9214, irg(at)invrel.com, www.invrel.com; CORPORATE INFORMATION -Howard Pearl, CEO and President, Microforum Inc., (905) 670-8000,hpearl(at)mf.com/