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Gold/Mining/Energy : Delicious Alternative Desserts Ltd. (DD) -- Ignore unavailable to you. Want to Upgrade?

To: Don Johnstone who wrote (118)	3/10/2000 2:27:00 PM
From: Don Johnstone	Respond to of 129

3/10/00 - $12 Million Financing stockhouse.com DELICIOUS ALTERNATIVE DESSERTS LTD ("DD-V") - $12 Million Financing NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Delicious Alternative Desserts Ltd. (the "Company") announced that Yorkton Securities Inc. ("Yorkton") has agreed to act as underwriter in connection with a private placement of 60,000,000 Special Warrants (the "Special Warrants") of the Company at a price of $0.20 per Special Warrant for a gross proceeds of $12,000,000 (the "Financing"). Each Special Warrant shall entitle the holder thereof to acquire, at no additional cost, one common share in the capital of the Company. The Company and Yorkton expect the Financing to close next week. Completion of the Financing is subject to regulatory approval. In the event the Company fails to obtain a receipt for a prospectus qualifying the Common Shares issuable upon exercise of the Special Warrants within 120 days of the closing date of the financing, each holder of Special Warrants will be entitled to receive 1.1 Special Warrants for each Special Warrant held at no additional consideration. The Company intends to use the additional capital raised pursuant to the Financing to: aggressively pursue the distribution of its branded products; to continue to add products to its brand portfolio; and, for general working capital purposes. Delicious Alternative Desserts Ltd. is a manufacturer, distributor and marketer of distinctive high-profile brands of Premium and Super Premium ice creams and frozen desserts under such famous trademarks as Ben and Jerry's(TM), Cadbury's(TM), and Stoney Creek. TEL: (416) 364-6744 x224 Ian F.T. Kennedy, Chief Operating Officer FAX: (416) 364-1282