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

To: michael who wrote (3611)	2/10/2000 12:07:00 PM
From: Hudson	Respond to of 3896

Microforum closes $43.3-million financing Microforum Inc MCF Shares issued 30,687,396 Feb 9 close $13.60 Thu 10 Feb 2000 News Release An anonymous director reports Microforum has closed its bought deal special warrant financing announced in Stockwatch Jan. 25, 2000, for total gross proceeds of $43,344,000. Microforum's financing was completed by a syndicate of investment dealers led by TD Securities Inc. and including Nesbitt Burns Inc., Taurus Capital Markets Inc., Paradigm Capital Inc. and Canaccord Capital Inc. by way of sale of 4,334,400 special warrants of the company at a price of $10 per special warrant. Each special warrant is exercisable into one common share of the company. Microforum intends to file a prospectus qualifying the common shares issuable upon exercise of the special warrants within 90 days of closing. The net proceeds of the offering are expected to be used to finance acquisitions, research and development, branding and future working capital requirements associated with the company's continued growth. WARNING: The company relies upon litigation protection for "forward-looking" statements.