SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : STKSF; http://www.stockscape.com -- Ignore unavailable to you. Want to Upgrade?


To: Wayne Rumball who wrote (13)7/13/1999 12:31:00 AM
From: Lhn5  Read Replies (1) | Respond to of 56
 
Stockscape.com Technologies Inc.-- Formerly Cornucopia Resources Ltd.--Reorganization Completed


VANCOUVER, British Columbia, Canada--(BUSINESS WIRE)--July 12, 1999--Andrew F. B. Milligan, President and CEO of Cornucopia Resources Ltd. is pleased to announce that the reorganization of the company has now been completed.

Name Change and Common Share Consolidation - The name change to Stockscape.com Technologies Inc. and common share consolidation was made effective Friday, July 9, 1999 and the Company's shares will commence trading on the OTCBB under its new name and symbol "STKSF" on opening Tuesday July 13, 1999.

Acquisition of New Business Closed - Immediately following the name change and share consolidation the Company closed its acquisition of Stockscape Technologies Ltd. ("Stockscape.com"). The acquisition of Stockscape.com was accomplished by the issuance of 10,000,000 post-consolidation shares of the Company at a deemed price of C$.50 per share (aggregate consideration C$5,000,000).

Private Placement Financing Closed - The Company has also closed the previously announced part and parcel 4,000,000 unit private placement, at C$0.50 per unit, to raise proceeds of C$2 million. Each unit issued in the private placement consists of one post-consolidation common share and two share purchase warrants. One share purchase warrant is exercisable in the first year to acquire one additional common share in the capital of the Company at C$0.65. The second warrant is exercisable for a period of two years to acquire one additional common share at C$0.95. Both warrants have a forced conversion feature in the event the shares of the Company trade above a specified price for a period of time. Proceeds of the private placement will be used to further develop the Stockscape.com business and for working capital purposes.

Stock Options - Pursuant to the new Stock Incentive Plan approved by shareholders at the Company's annual and extraordinary general meeting held on June 30, 1999, a total of 800,000 stock options have been granted to directors, officers and former directors of the Company and a further 490,000 incentive stock options have been granted to employees of the Company, for the purchase of post-consolidation shares of the Company at C$0.50 per share.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrew F. B. Milligan

President and CEO

Stockscape.com Technologies Inc.

CONTACT:

Stockscape.com Technologies Inc.

Investor Relations: 1.604.687.0619

KEYWORD: INTERNATIONAL CANADA NEW YORK

BW1665 JUL 12,1999

17:49 PACIFIC