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Gold/Mining/Energy : #1 in Industry 'MC2 Learning Systems' MCZ.A - ASE -- Ignore unavailable to you. Want to Upgrade?

To: bigbuk who wrote (25)	1/22/2000 11:39:00 AM
From: Ian A.	Read Replies (1) \| Respond to of 147

MC2 Learning Systems Inc. - Announcement Markham, Ontario-- MC2 Learning Systems Inc. (CDNX: MCZ.A) announces that MC2 is seeking approval from the Canadian Venture Exchange Inc. ("CDNX") to grant stock options to 17 directors, officers, and employees on the following terms: (a) the total number of Common Shares to be made available upon exercise of the new option is 350,000 (b) the exercise price for the options is $9.35 per share (or such other price approved by CDNX based on allowable discounts from recent trading prices). The final terms of the option grant may vary from the foregoing following approval by the CDNX. As of January 21, 2000 MC2 had 17,233,222 Common Shares outstanding and additionally had 1,103,341 Warrants (issued pursuant to a 1999 special warrant financing), 220,668 Agents Compensation Options (issued pursuant to a 1999 special warrant financing) and 1,261,500 directors, officers & employee options outstanding. MC2's "public float" (total shares outstanding less 8,121,454) has been calculated by MC2 to be 9,111,768 shares. About MC2 Learning Systems Inc. ------------------------------- MC2 Learning Systems Inc. is an innovative Canadian-based, publicly traded Corporation dedicated to global communication and collaboration. Its primary business is the development, marketing and distribution of global communication and collaboration software applications: FirstClass Intranet Server, FirstClass Collaborative Classroom and Zebu. The Corporation comprises three business units: education and commercial markets, and business development. MC2 serves over 4.5 million users in more than 2,500 organizations in 55 countries, capturing 5.4% of the worldwide collaboration tool market. MC2's shares are traded on the Canadian Venture Exchange under the symbol "MCZ.A." The officer responsible for issuance of this press release is Myles M. McGovern, President and Chief Executive Officer.