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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (7033)	10/22/1999 2:24:00 PM
From: Postman	Read Replies (1) \| Respond to of 9440

GB- EWD.V is raising $12 million in a PP- Sprott has set a $6.00 target on the company for 12 months. ______________________ eDispatch.com Wireless Data Inc - eDispatch.com to raise $12-million privately eDispatch.com Wireless Data Inc EWD Shares issued 12,890,034 1999-10-21 close $2.4 Friday Oct 22 1999 Mr. J. Kelly Edmison reports edispatch.com Wireless Data has agreed to offer and sell, on an underwritten basis, a $12-million private placement of 5,853,659 special warrants at a price of $2.05 per special warrant through a syndicate of Canadian underwriters led by Sprott Securities Limited. Each special warrant will be exercisable, without payment of any additional consideration, into one common share of the company. At closing, 90 per cent of the gross proceeds will be held in trust under the special warrant indenture creating the special warrants until such time as receipts for the company's qualifying prospectus have been received for the common shares underlying the special warrants, while the balance of the proceeds will be released to the company. If a receipt for the prospectus has not been obtained in a jurisdiction in which the prospectus is filed within 90 days of closing, each special warrant will be retractable at the option of the holder resident in such jurisdiction. In addition, the company has also granted the underwriters a 15-per-cent overallotment option, exercisable at closing, to purchase an additional 878,049 special warrants. At the closing, the underwriters will also receive compensation options exercisable over a two-year period from the closing for up to 10 per cent of the total number of special warrants at an exercise price of $2.05. The financing is scheduled to close on Nov. 10, 1999, and is subject to confirmatory due diligence by the underwriters and all necessary regulatory approvals. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com