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Gold/Mining/Energy : BPI, Big Picture Technologies -- Ignore unavailable to you. Want to Upgrade?

To: John Walker who wrote (87)	12/31/1999 11:10:00 AM
From: Garry	Read Replies (2) \| Respond to of 249

Big Picture completes prospectus offering Big Picture Technologies Inc BPI Shares issued 16,294,250 1999-12-30 close $2.09 Friday Dec 31 1999 Mr. Michael Anthony reports On Dec. 30, 1999, the company closed a $4-million prospectus offering of four million units, at a price of $1 per unit. Wolverton Securities Ltd. acted as agent for the offering. Each unit comprises one common share and one-half of a share purchase warrant share at an exercise price of $1.80 per common share for a period of 12 months from the date of the closing of the prospectus. The prospectus also qualifies the previously issued 2,553,750 common shares and 1,276,875 warrants issued upon the exercise of previously issued special warrants, 437,500 common shares issuable upon the conversion of debentures and 255,375 previously issued agents' warrants. The prospectus was filed and distributed in the provinces of Alberta and British Columbia. "Big Picture is now well positioned for a strong and explosive year 2000," said Michael Anthony, president and chief executive officer. "This offering was key to advancing the company's aggressive internal and external growth strategies, and in sustaining the momentum Big Picture has achieved this year. The offering was subscribed fully by institutions -- both national and regional in scope -- and included some of the most respected funds in the business. The company is fortunate to have attracted investors of this calibre, who bring longer term commitment and market support to the table." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com