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Gold/Mining/Energy : Sonus Corp. (formerly Healthcare Capital Corp.) - AMEX:SSN -- Ignore unavailable to you. Want to Upgrade?

To: Robert Swaita who wrote (64)	12/24/1997 2:10:00 PM
From: Robert Swaita	Read Replies (1) \| Respond to of 96

Here is the news release i just go it: WARBURG TO ACQUIRE SERIES A CONVERTIBILE PREFERRED SHARES AND WARRANTS OF HEALTHCARE CALGARY, Dec. 24 /CNW/ - Warburg, Pincus Ventures, L.P. announces that it has closed an agreement dated November 21, 1997 with HealthCare Capital Corp. to acquire from treasury an aggregate of 13,333,333 Series A Convertible Preferred Shares of HealthCare, which are convertible into common shares on a one to one basis, and warrants to acquire 10,000,000 common shares of HealthCare. Warburg currently holds no common shares of HealthCare and if the above securities are converted and exercised, will hold an aggregate of 23,333,333 common shares of HealthCare. Warburg is to pay aggregate cash consideration of US$18,000,000 for these securities. The details of this agreement were disclosed by HealthCare on November 25, 1997. The common shares of HealthCare are listed for trading on The Alberta Stock Exchange. Warburg is acquiring the Series A Convertible Preferred Shares and warrants of HealthCare for investment purposes. The Series A Convertible Preferred Shares and warrants may be exercised if appropriate share values are achieved. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.