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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE -- Ignore unavailable to you. Want to Upgrade?

To: hx4 who wrote (653)	11/30/1999 8:39:00 AM
From: Crazy Canuck	Respond to of 1252

*Net Shepherd gets cash* Carol Howes Financial Post CALGARY - Net Shepherd Inc. announced yesterday a deal to merge with Atlanta-based ClickChoice.com and receive an equity infusion of $27.8-million from Vanenburg Group BV. Net Shepherd joins a growing number of Calgary-based technology firms that have received equity infusions in recent months as they move in to the U.S. market. Those include FutureLink Corp., with recently announced a $50-million (US) financing led by Pequot Capital Management. Net Shepherd uses a virtual workforce to collect data and conduct business intelligence on the Internet. Privately held ClickChoice, owned 82% by Vanenburg Group, a Netherlands-based technology investment company, generates and distributes online data. The $27.8-million will be used to develop software and bring Net Shepherd's products to market. Jan Baan, founder and former chairman of Baan Co., is expected to take over as chairman of the combined company. The merger is subject to shareholder approval. Net Shepherd will issue 28 million shares of its stock to ClickChoice, with a further eight million shares issued through a private placement to Vanenburg Group at $3 a share.