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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: IceCube who wrote (3514)	1/13/2000 7:51:00 PM
From: the Chief	Respond to of 3896

Microforum Announces a Special Warrant Financing /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ TORONTO, Jan. 13 /CNW/ - Microforum Inc. (TSE:MCF) announced today that the Company has entered into an engagement letter with a syndicate of underwriters led by TD Securities Inc. and including Nesbitt Burns Inc., Taurus Capital Markets Inc., Paradigm Capital Inc. and Canaccord Capital Inc. with respect to a private placement of Special Warrants. The Company expects the size of the offering to be for minimum gross proceeds of approximately $40,000,000. The offering is subject to, among other things, receipt of all necessary stock exchange approvals, board of director approval, the completion of definitive documentation and due diligence by the underwriters. Each Special Warrant will be priced in the context of the market upon completion of marketing and will be exchangeable for one Common Share of the Company. The proceeds of the offering are expected to be used to fund acquisitions and future working capital requirements associated with the Company's continued growth. About Microforum Microforum Inc. (www.microforum.com) is a leading North American professional services firm providing a broad range of electronic commerce, Internet strategy and database services. Microforum is publicly traded on the Toronto Stock Exchange under the symbol "MCF" and is headquartered in Toronto, with offices in San Francisco, CA and Chicago, IL. Forward-Looking Statements Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks and uncertainties. These forward-looking statements include statements about Microforum Inc.'s offering of Special Warrants and use of proceeds of such offering, and such statements are subject to risks and uncertainties (e.g., the risk that such offering will not take place or that acquisitions will not be financed with the proceeds of such offering). Forward-looking statements are subject by their nature to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements. Any forward-looking statements speak only as of the date made. The Company is not undertaking to update any information in the foregoing reports until the effective date of its future reports required by the securities laws. -30- For further information: INVESTOR INFORMATION: The Investor Relations Group, 1-800-444-9214, microforum@invrel.com, www.invrel.com; CORPORATE INFORMATION: Howard Pearl, CEO and President, Microforum Inc., (905) 670-8000, hpearl@mf.com