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Gold/Mining/Energy : Mt. Tom Minerals V.MTK (was Westmount Res, WTM) -- Ignore unavailable to you. Want to Upgrade?


To: Biff who wrote (487)9/28/1999 10:34:00 PM
From: Keiv  Read Replies (1) | Respond to of 496
 
MT TOM MINERALS CORP ("MTK-V") - Brokered Private Placement -
Repriced

Sheldon Kales, President & Director of Mt. Tom Minerals Corp., announces that,
subject to regulatory acceptance, the Company has re-priced the $1 million
brokered private placement announced on September 14, 1999 from a price of
$0.60 per Special Warrant to $0.40 per Special Warrant. Accordingly, up to
2,500,000 Special Warrants will be offered by the Company. Each Special Warrant is convertible into one common share
and one non-transferable Share Purchase Warrant exercisable for a one year period. Each Share Purchase Warrant, together
with consideration of $0.50 in the first six months, and $0.75 for the remainder of the term, will entitle the purchaser to
acquire an additional common share. TEL: (604) 836-1931

Mt. Tom Minerals Corp.



To: Biff who wrote (487)10/1/1999 5:53:00 PM
From: Leigh McBain  Read Replies (1) | Respond to of 496
 
After announcing a financing at .60, while expecting the imminent completion of the acquisition of Global Netertainment, the share price fell with the delay of the completion by the VSE. Rumored short sales would not have helped this scenario. The company has since repriced the financing at .40 and the share price has rebounded nicely on low volume, in expectation of a relatively near final approval from the VSE. That would turn the green light on for a PR program as well as a couple of business ventures that are rumored to be waiting in the wings.

Salut,
Leigh McBain