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Gold/Mining/Energy : Sideware Systems - SYD.u/V, SDWSF -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (4015)	7/28/1999 8:59:00 PM
From: jocko	Read Replies (3) \| Respond to of 6076

News release If any one knows how this will effect regulatory approval in terms of timing..... let us know.....Thanks Company Press Release Sideware Systems Inc. Announces US $8,000,000 Private Placement VANCOUVER, British Columbia--(BUSINESS WIRE)--July 28, 1999-- Sideware Systems Inc. (VSE:SYD - news) has arranged a non-brokered private placement in the sum of US $8,000,000. Under the private placement, 4,878,048 units will be issued at price of US $1.64 per unit, subject to regulatory approval. Each unit is comprised of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the company for a period of two years, at a price of US $1.64 per share in the first year or US $1.89 per share in the second year. A finder's fee of 8% will be paid in cash or securities or a combination thereof, subject to regulatory approval. The proceeds in the sum of US $8,000,000 will be used to finance product development, sales and marketing, company expansion and general working capital. This US $8,000,000 financing replaces a financing in the sum of US $7,000,000 announced June 15, 1999, which US $7,000,000 financing has been cancelled. ON BEHALF OF THE BOARD Grant Sutherland, Chairman The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. www.sideware.com ------------------------------------------------------------------------ Contact: Sideware Systems -- Investor Relations Richard S. Simpson/Jennifer Burke, 604/988-0440 ir@sideware.com