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Gold/Mining/Energy : Telepanel Systems - TLS -- Ignore unavailable to you. Want to Upgrade?


To: waitwatchwander who wrote (857)10/11/2001 2:13:35 PM
From: J Stone  Read Replies (1) | Respond to of 948
 
NF,

It was all part of the new financing. Vengrowth and Royal Bank sold 3,000,000 of their existing shares to other investors and then took the proceeds and additional funds and bought stock from TLS in a private placement. This round about method saved legal fees.