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Gold/Mining/Energy : MOSAID Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: 4finger who wrote (167)	12/5/1999 12:48:00 PM
From: Steve G.	Respond to of 219

Posted Friday December 3, 1999 Mosaid shares halted on TSE Trading of Mosaid Technologies stock was halted at the end of trading Friday afternoon after special warrants announced. The halt comes after the announcement that the Kanata-based company has entered into an underwriting agreement with a syndicate of underwriters lead by CIBC World Markets Inc. who have agreed to underwrite the issue and sale of 1.025 million special warrants at $15.75 per share on a private placement basis. The offering price of each special warrant is. The closing of the special warrant transaction is expected to take place no later than December 16, 1999. The company said there was demand from institutional investors to increase the amount of stock in circulation . Trading was halted because the $15.75 price tag is below market value for the stock. Mosaid closed at $16.10 Friday. The issue is subject to regulatory approval. More Information: From OBJ archives: Mosaid more than doubles Q2 revenues