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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (16130)	12/8/1999 5:34:00 AM
From: Link Lady	Read Replies (1) \| Respond to of 150070

Some news On BOR. Looks like it will be halted till sometime in Feb. canoe.com Net Creation to launch IPO, merge with Boreale More Technology News QUEBEC CITY, Dec 7 (Reuters) - Net Creation, a Quebec City-based Internet application firm, said on Tuesday it would launch an initial public offering within the next 60 days through a reverse takeover of Quebec mining firm Exploration Boreale (BOR-M). The transaction's value was not revealed. Quebec City-based Exploration Boreale ceased trading at 43 Canadian cents a share last Wednesday. It will likely start trading again in early February under the Net Creation name. Net Creation, with a staff of 25, is part of the 250 people-strong Quebec consortium Gespro Technologies. Tuesday's announcement put and end to a week of speculation about the sale of Net Creation's key product "nStein," a play on the name Einstein, an artificial intelligence application for managers that the company says summarizes texts in French and English in an intelligible manner. In a statement issued early on Tuesday, Exploration Boreale said an IPO prospectus would be issued soon, adding the transaction would need regulatory approval from the Quebec Securities Commission. "The board of Exploration Boreale will recommend its shareholders vote in favor of the proposed merger with Net Creation at a general meeting, the date of which date has not yet been determined," Exploration Boreale Chief Executive Guy Bedard said in a statement. Colorado-based consultant Mark Franke, of Evergreen Software Partners, said going public was the right strategy for Net Creation. "They have the right technology," he said. "Our assessment of the market for this kind of linguistic technology is that Net Creation has a competitive advantage because the market is still wide open."