Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ezenet Corp. (EZE- ASE) -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (66)	3/1/2000 12:11:00 PM
From: sPD	Read Replies (1) \| Respond to of 90

News - wireless, U.S. expansion, security, Linux ... Ezenet Corporation announces $18 million equity financing with Octagon Capital Corporation www.ezenet.com TRADING FLOAT: 2 million shares ASE Symbol - EZE ISSUED SHARES: 7.46 million shares CUSIP No. 655416 10 5 TORONTO, March 1 /CNW/ - Ezenet Corp. (EZE - CDNX) announced that it has entered into an agency agreement with Octagon Capital Corporation and Salman Partners Inc. to complete a private placement offering of $18 million in Special Warrants of Ezenet. The Special Warrants will be priced at $11.25 per Special Warrant. Closing of the Offering is expected to occur on or about March 30, 2000. Each Special Warrant will entitle the holder to acquire one unit ("Unit") comprising one common share of the Corporation ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"). Each whole Common Share purchase Warrant will be exercisable at a price of $12.00 for fourteen months following the Qualification Date. This offering is subject to regulatory approval. The proceeds of this Offering will be used to develop front-end wireless solutions for banks and financial service companies that complement the Company's existing back-end infrastructure, for development of enhanced security software, for marketing and sales force expansion into the United States; and to develop Linux financial applications. Ezenet is a Toronto-based information technology company providing full service technology and software solutions for the financial and banking industry including online software, network services, full internet capabilities and enhanced security. Ezenet's technology and software solutions are currently deployed in major financial institutions across Canada. Ezenet has many Canadian Financial Institutions as clients including four of Canada's six largest banks and several of Canada's Trust and Insurance companies. Ezenet's software expertise also allowed for the development of InstaBase, a unique, powerful, yet simple Internet software program, which is currently in distribution worldwide. For further information visit the Company's website at ezenet.com. This press release is not intended for dissemination into the United States. The Canadian Venture Exchange has neither approved nor disapproved the information contained herein. For further information: contact: Terry Rogers, CFO, Ezenet Corp., Phone: (416) 482-3037, Fax (416) 482-0707, E-Mail - terry@ezenet.com, Internet - www.ezenet.com; For Investor Relations information contact: Gary Perkins, Phone: (905) 889-1711, Toll Free 1-800-225-2744, Fax: (905) 889-2511, E-Mail - investorrelations@ezenet.com