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

To: WhatsUpWithThat who wrote (382)	5/16/2000 6:36:00 PM
From: keith massey	Read Replies (1) \| Respond to of 960

Capital Alliance Group Inc CPT Shares issued 4,942,406 2000-05-16 close $2 Tuesday May 16 2000 Mr. Toby Chu reports Capital Alliance Group has engaged, subject to Canadian Venture Exchange approval, two respected firms to assist with investor and financial relations for the company and its subsidiary businesses, Stock Exchange Global (SEG) and Canadian Institute of Business and Technology (CIBT). These engagements are with an investor relations firm and a business consulting firm who have representation in Canada and the United States of America respectively. The first of the two firms, Ramcorp Ventures, is based in Toronto, Ont. For the past five years, Ramcorp has provided investor relations and corporate administrative counsel to public companies listed on both the Canadian and U.S. stock exchanges. Ramcorp Ventures is mandated to assist in increasing the awareness and understanding of the company's operations, goals and objectives amongst the investment community while also facilitating enhanced investor relations programs. Ramcorp has been retained for an initial term of six months and will be paid $5,000 per month during the first three months and $6,500 per month in the final three months. The anticipated total costs of the investor relations activities is expected to be $50,000 which will be paid from unallocated working capital. To the best of the company's knowledge, Ramcorp does not have any interest in the company or its securities except that, subject to Canadian Venture Exchange acceptance, Ramcorp will hold stock options entitling them to purchase 50,000 common shares of the company at a price of $1.79 per share. The second firm, Riggs Capital Inc., based in Hopkins, Minn., specializes in equity financing and corporate structuring, as well as providing consultation services to publicly listed companies. The president of Riggs Capital Inc., Patrick L. Riggs, has extensive experience in the investment banking business. Riggs Capital Inc. will provide consulting services to the company for issues relating to the U.S. equities markets. In addition, Riggs Capital Inc. has the responsibility to assist the company in securing equity financing from the U.S. market. The company has appointed Sokhie Puar to the position of senior vice-president, corporate development. Mr. Puar has more than 14 years of experience in corporate finance. From 1987 to 1998, Mr. Puar was an account executive at Canaccord Capital Corporation (Canada) and Noram Investments (U.S.). A licensed securities professional in both the United States and Canada, Mr. Puar received his training at the British Columbia Institute of Technology, obtaining both an advanced diploma in mechanical engineering and business administration. Mr. Puar left the capital market in the fall of 1998 to join a publicly traded Internet-based technology company. As vice-president of corporate development in this firm, together with his previous responsibility, Mr. Puar has gained valuable experience in business development, corporate finance and the process involved in the application for listing onto Canadian and U.S. stock exchanges. Mr. Puar will be responsible for the corporate finance and corporate development activities for the company and its subsidiaries, SEG and CIBT. He will also oversees the investor relations activities of these entities. The company also reports that under the company's stock option plan, stock options have been granted, entitling the holders to purchase a total of 412,000 common shares. The options are exercisable for a five-year term at a price of $1.79 per share. Shareholders will be asked to approve the stock option plan at this years annual general meeting. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com