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Gold/Mining/Energy : SMM on TSE - Simmonds Capital -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (310)	8/11/1999 6:01:00 PM
From: Buckey	Respond to of 372

stock looks like it found a base so They may pump it up to get the rts exeercised BTW - what the hell do I get for em - LOL Just kidding I know

To: Ed Pakstas who wrote (310)	8/12/1999 11:41:00 AM
From: Buckey	Read Replies (1) \| Respond to of 372

here is that rights offereing - Nesbitt and CC both want 500k at a penny - why??? Simmonds Capital Ltd - Simmonds Capital rights offering Simmonds Capital Ltd SMM Shares issued 19,551,951 1999-07-29 close $0.52 Friday Jul 30 1999 TSE Bulletin 99-0936 Holders of common shares of record as of the close of business on Thursday Aug. 5, 1999, will be granted the right to subscribe for one additional common share for every five common shares held at a subscription price of 50 cents per share. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each common share held, five rights and the sum of 50 cents being required to subscribe for one additional common share. The rights will expire at 4:30 p.m. (Toronto time), on Aug. 27, 1999. The common shares will commence trading on an ex-rights basis at the opening on Tuesday, Aug. 3, 1999, at which time the rights will be posted for trading on a when issued basis. Symbol: SMM.RT Cusip No: 82867L 12 9 Attention is directed to the fact that this offering of rights has not been registered in the United States (or in any of its territories or possessions) or in any of the provinces other than Ontario, Alberta and British Columbia (the excluded jurisdictions) and, therefore, is not to be construed as an offering for sale in any of the excluded jurisdictions. Holders of common shares who are resident in any of the excluded jurisdictions will not be forwarded rights certificates. Instead, they will be sent a letter advising that their rights certificates will be held by CIBC Mellon Trust Company which will attempt to sell such rights for the benefit of such shareholders. Net proceeds from such sales will be divided pro rata and will be forwarded to the appropriate shareholders at their addresses of record as soon as practicable. A registered shareholder whose address of record is within one of the excluded jurisdictions but who holds common shares on behalf of a holder who is eligible to participate in the rights offering must notify CIBC Mellon in writing on or before the seventh day prior to the expiry date if such beneficial holder wishes to participate in the rights offering. Otherwise, CIBC Mellon will sell the rights pursuant to the procedure described above. Holders of a rights certificate may subscribe for common shares by completing Form 1 on the face of the rights certificate and forwarding the rights certificate so completed together with payment of 50 cents per share subscribed for to CIBC Mellon in Toronto so as to be received there prior to the expiry time. Fractional shares will not be issued upon the exercise of rights. Each original holder of a rights certificate representing a total number of rights not evenly divisible by five will be entitled to subscribe for one additional common share for 50 cents for the remainder of rights less than five without furnishing any additional rights. This step-up privilege will be void and of no effect if the rights certificate is divided or combined or if any of the rights evidenced by such rights certificate are sold, transferred or assigned by the holder to whom such rights were originally issued, except that a bank, trust company, securities dealer, or broker which holds common shares on the record date for more than one beneficial owner may, upon providing satisfactory evidence to CIBC Mellon, exchange rights certificates on the same basis as if the beneficial owners were shareholders of record on the record date. Each holder of a rights certificate who has fully exercised all of its rights will be entitled to subscribe for additional shares, if available, at a price of 50 cents per share. If the total number of shares subscribed for under this additional subscription privilege exceeds the number of shares available, the available shares will be allotted on a pro rata basis. This additional subscription privilege can be exercised by completing Form 2 on the face of the rights certificate as well as Form 1 and forwarding such certificate so completed to CIBC Mellon in Toronto so as to be received there prior to the expiry time. The subscription price for shares subscribed for under the additional subscription privilege must accompany the subscription certificate when the certificate is forwarded to CIBC Mellon pursuant to the initial subscription of rights under the rights offering. As soon as practicable after the expiry time, CIBC Mellon will send to each subscriber who completed Form 2 certificates evidencing shares allocated to such subscriber and will return to such subscriber any excess funds paid. It is anticipated that the rights offering circular and rights certificates will be mailed to shareholders on or about Aug. 6, 1999. The company has not retained a soliciting dealer to solicit the exercise of rights and will not pay any fees in respect of such solicitation or commission for soliciting subscriptions to this rights offering.

To: Ed Pakstas who wrote (310)	8/16/1999 9:17:00 AM
From: Buckey	Respond to of 372

Simmonds Capital Ltd - Simmonds Capital agrees to sell eieiHome.com to Hycomp Simmonds Capital Ltd SMM Shares issued 19,551,951 1999-08-13 close $0.53 Monday Aug 16 1999 Mr. David O'Kell reports Simmonds Capital Limited and HyComp, Inc. have signed a letter of intent whereby HyComp, Inc. will acquire all of the shares of eieiHome.com Inc. from Simmonds Capital Limited (SCL). As consideration, SCL will receive 7.5 million common shares of HyComp, $500,000 (U.S.) in a short-term note, $2-million (U.S.) in a three 1/2 year convertible debenture, and five-year warrants to purchase five million HyComp common shares. The debenture is convertible to HyComp common shares at $1 (U.S.) per share. The warrants are exercisable at prices from $1 (U.S.) to $3 (U.S.) per share. Completion of the proposed transaction is subject to a number of conditions, including but not limited to satisfactory due diligence by HyComp and SCL and the completion of definitive documentation. The parties mutually intend to exert reasonable commercial efforts to conclude the proposed transaction by Sept. 30, 1999. eieiHome.com Inc. is a wholly owned subsidiary of SCL. eieiHome operates an Internet service and information site, providing information and related services for homeowners, homebuyers, and home service providers. The service was launched earlier this year to consumers in the Toronto and Vancouver markets. It is planned that the service will be expanded to additional Canadian markets and into the United States. eieiHome receives advertising revenue from national accounts for banner advertising plus listings for local merchant and service companies. HyComp, Inc. was formerly a producer of thin-film hybrid circuits, resistor networks and components. In March, 1999, the assets and certain liabilities of this business were sold to another public company. Currently there are 10,047,070 HyComp common shares issued and outstanding, of which 88 per cent are owned by a subsidiary of Microtel International, Inc. of Ontario, Calif. Upon completion of the proposed transaction, SCL will own a 43-per-cent interest in HyComp or 57 per cent on a fully diluted basis assuming the exercise of the convertible debenture and the warrants. Upon completion of the eieiHome transaction, Microtel has agreed to sell its common shareholding of HyComp to John G. Simmonds and a group of private investors who are interested in this new Internet opportunity. WARNING: The company relies on litigation protection for "forward-looking" statements.