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Technology Stocks : Vanteck (vrb-cdnx, vttcf) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (34)	3/28/2001 9:35:42 AM
From: dean poets	Read Replies (1) \| Respond to of 413

Vanteck (VRB) Technology Corp - Halt Trading Vanteck halted at 6:19 a.m. PT Vanteck (VRB) Technology Corp VRB Shares issued 19,770,445 2001-03-27 close $2.25 Wednesday Mar 28 2001 Halt Trading Trading was halted at 6:19 a.m. PT on March 28, 2001, at the request of the company, pending an announcement. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com

To: Dan P who wrote (34)	3/28/2001 8:14:53 PM
From: dean poets	Read Replies (1) \| Respond to of 413

Looks like you were right Dan! Vanteck (VRB) Technology Corp - News Release Vanteck granted rights to VRB for the Americas Vanteck (VRB) Technology Corp VRB Shares issued 19,770,445 2001-03-27 close $2.25 Wednesday Mar 28 2001 News Release Mr. Rodney Duncan reports Vanteck (VRB) Technology has entered into a binding agreement with Pinnacle VRB Ltd. wherein Pinnacle has granted to the company the sole and exclusive right to develop, market, sell, own as a licensee, manufacture and use the Vanadium Redox Battery Technology (VRB) within Canada, the United States including Hawaii and Alaska, Central and South America and all offshore islands thereto and the Caribbean (the territory). The company is also granted the sole and exclusive right to make vanadium electrolyte in the territory for use by Vanteck or its customers in the territory; and the unfettered right to access and obtain by way of a separate agreement(s) all or any portion of the VRB technology from any existing or future VRB licensee of Pinnacle. The company is also granted the right to sublicense to third parties within the territory intellectual property created by the company through or by the use of VRB technology by Vanteck in the territory and outside the territory with the consent of Pinnacle first being obtained. By way of compensation and consideration Vanteck will, for each installation made by Vanteck within the territory, pay to Pinnacle the following fees: 5 per cent of the cost of the installed components to Vanteck of each VRB unit if the VRB unit is provided by way of a build own operate (BOO) or build own operate transfer (BOOT) scheme; otherwise 10 per cent of the costs of the installed components to Vanteck of each VRB unit; and 1.5-per-cent direct royalty derived from Vanteck's VRB gross revenue derived within the territory for the duration of this agreement. In consideration for the sole and exclusive right to develop, market, sell, own as licensee, manufacture, and use the VRB technology within the territory, Vanteck has agreed, subject to Canadian Venture Exchange approval and other regulatory securities rules and approvals to issue to Pinnacle, at no cost to Pinnacle, 19.99 per cent of Vanteck's issued share capital as at the date of the agreement after taking into account the issuance of the 19.99 per cent. For a period of two years from the date of the agreement Pinnacle shall have a right to participate in any future equity financings undertaken by Vanteck in order to maintain its equity participation in Vanteck at 19.99 per cent. Pinnacle shall also hold the right to appoint two directors to the board of Vanteck as long as Pinnacle holds 18 per cent or more of the then issued capital of Vanteck and shall also hold the right to appoint one director to the board of Vanteck as long as Pinnacle holds 10 per cent of the then issued capital of Vanteck. The agreement is for a term of five years. Thereafter within 90 days of the completion date the parties shall review the progress under the agreement and if the parties are satisfied then the agreement shall be renewed for an additional 12-month period. Thereafter, within 90 days of the end of each 12-month period, the parties shall review the status of the matters within the agreement prior to the granting of each additional 12-month extension. For each installation made by Vanteck within the territory Pinnacle will, subject to Pinnacle's certification audit of each installation to be undertaken at Pinnacle's cost, grant to the company permission to use Pinnacle's VRB intellectual property through the issuance of individual project-based patent licences. The rights granted under the agreement are subject to the non-exclusive licence agreement dated Aug. 11, 1993, and all amendments and variations thereto between Unisearch, Pinnacle's predecessor owner of the VRB technology, and Mitsubishi Petrochemical Company Ltd. and Kashima Kita Electric Power Corp. of Japan (Mitsubishi licence), and any rights that may be attributable to Sumitomo Electric Industries (SEI) under the SEI/Pinnacle patent licence and technical/engineering support and business collaboration agreement dated Feb. 25, 2000. The company will, as part of the agreement, enter into a product development, marketing and collaboration agreement prior to April 15, 2001, with Pinnacle. Pinnacle holds all of the intellectual property and patent rights to the Vanadium Redox Battery (VRB) technology subject to licences with Sumitomo Electric Industries (SEI) and Mitsubishi Chemical Corp./Kashima Kita Power Corp. (MCC/KK). The company currently holds all right, title and interest to use the VRB technology for the continent of Africa where an initial 250-kilowatt to 520-kilowatt VRB unit will shortly be installed for Eskom of South Africa. Eskom is the South African National power utility. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com