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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Crazy Canuck who wrote (209)	4/3/2000 10:36:00 AM
From: keith massey	Read Replies (1) \| Respond to of 960

CC, Did Canada Stockwatch ever screw up their version of the release. I checked with the company and the CDNX version is the right one and they are getting the CSW fixed as we speak. The CDNX release reads . . Of the initial US$10M offered, the Company has received commitments of US$8.68M. In addition to this US$8.68M commitment, the Company has also reserved up to US$2 million for two International institutional investors who have requested this action. The CSW release reads . . Of the initial $10-million (U.S.) offered, the company has received commitments of $8.68-million (U.S.) for two international institutional investors who have requested this action. What the hell!!! CSW left out a bunch of words... no wonder the stock is not in rally mode today. According to the CSW it looks like they didn't raise all the money and confused the hell of of people when in fact they have more than $10-million US on the books. I really hate when things like this happen on a Monday morning. Best Regards KEITH

To: Crazy Canuck who wrote (209)	4/3/2000 10:51:00 AM
From: Crazy Canuck	Read Replies (1) \| Respond to of 960

*Here are some of the highlights that stand out for me.* - The Company has received an overwhelming response from the global investment communities - The Company fully expects that this offering will be over subscribed - The Company has received commitments of US$8.68M. In addition, to this US$8.68M commitment, the Company has also reserved up to US$2 million for two International institutional investors - The (international) institutional investors include: * a subsidiary of the third largest bank in the world in 1998 * Three technology and equity fund companies * Two private investment banks - US$2 million has been reserved for two other international institutional investors - The company . . . has no intention to accept funds which will result in over subscription, nor will it allow any dilution of SEG's holding interest - The Company's consolidated cash balance . . . by April 30th, 2000 is projected to be Canadian $18.75 million dollars. When I read this press release (the CDNX version), I became excited over what this news means. When the 1st round financing actually does close in a very short period of time, and given that this new is an excellent indication of the type of support that can be expected for the second round of financing, then SEG's IPO should smoke when it comes out! Yes, it is very nice to know that this company, their business model, and their management team is being so well received. After all, if you think of it, the institutional investors who are (or are coming on board) are very shrewd investors who obviously see the same opportunity for growth that we do. This could be a very interesting run up to the GEM IPO! Crazy Canuck