Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : cube and mpeg vs. tri-vision and v-chip as an investment -- Ignore unavailable to you. Want to Upgrade?

To: stak who wrote (56)	5/5/1998 3:16:00 PM
From: stak	Read Replies (1) \| Respond to of 75

UNDERWRITERS FOR TRI-VISION FINANCING EXERCISE OVER-ALLOTMENT OPTION 1998-05-05 TORONTO, ONTARIO Najmul Siddiqui, President & CEO of Tri-Vision International Ltd./Ltee, is pleased to announce that CIBC Wood Gundy Securities Inc., Midland Walwyn Capital Inc. and Yorkton Securities Inc., the underwriters for the company's public offering of units completed on April 2, 1998, have exercised their over-allotment option in full and acquired an additional 720,000 units of the company for gross proceeds of $1.8 million. On April 2, 1998 the company completed the sale of 4,800,000 units to the underwriters for gross proceeds of $12 million. The units were sold at a price of $2.50 per unit with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of Tri-Vision at a price of $3.00 until 5:00pm (Toronto time) on September 29, 1998. Proceeds of the offering, including proceeds from the exercise of the over-allotment option, will be used to finance the production, marketing and sale of the company's V-chip technology products. Established in 1986, wholly-owned subsidiary Tri-Vision Electronics Inc. is a leading supplier of high technology products to the global cable television and multimedia industries. For more information contact Century Communications Corporation at [888] 298-8551 (toll free) or by E-mail to tri-vision@tri-vision.ca or visit Tri-Vision's Internet site at "http://www.tri-vision.ca". (Signed) On behalf of the Board of Directors of Tri-Vision International Ltd./Ltee., Najmul H. Siddiqui, Chairman, President & CEO Telephone: [416] 298-8551 THE TORONTO STOCK EXCHANGE & THE ALBERTA STOCK EXCHANGE HAVE NOT REVIEWED AND DO NOT APPROVE OR DISAPPROVE OF THE ADEQUACY OR ACCURACY OF THIS RELEASE.