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Gold/Mining/Energy : Total Telecom: Someone has to dig -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (32)	3/24/2000 5:34:00 PM
From: Ciao	Respond to of 39

EDMONTON, March 24, 2000 -TOTAL TELCOM INC. gives notice that pursuant to CDNX Policy No. 4.1.1, it will be making application to the Canadian Venture Exchange seeking price protection to effect a private placement up to 142,900 Units, with each Unit consisting of a Common Share at $3.50 per share and a Warrant to acquire another Common Share for a period of two years at an exercise price of $4.83 per share. This price was determined by reference to the trading prices of the Corporation's common shares on the Canadian Venture Exchange. No investment dealer, broker or agent will be participating in the placement. The proposed placement will be entirely at arm's length and is subject to successful due diligence by the investor and regulatory approval. The Corporation will have 14 days after the issuance of this Press Release to submit its application to the Canadian Venture Exchange. THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT OF THE CORPORATION, AND THEY ACCEPT FULL RESPONSIBILITY FOR ITS ACCURACY. THE CANADIAN VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. TOTAL TELCOM INC. Glen Boyd, Executive Vice-President