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.

Gold/Mining/Energy : BCE Emergis - global e-commerce -- Ignore unavailable to you. Want to Upgrade?

To: Denis who wrote (64)	4/28/1998 7:37:00 AM
From: sPD	Read Replies (1) \| Respond to of 1341

The FP says the agreement will bring in $5M. See this morning's item at canoe.ca Your call on a MSFT relationship in your posting (#46) was pretty good - anything else in your crystal ball ?

To: Denis who wrote (64)	4/29/1998 12:52:00 PM
From: Denis	Read Replies (1) \| Respond to of 1341

MPACT IMMEDIA ANNOUNCES $13 MILLION FINANCING 1998-04-29 MONTREAL, QUEBEC MPACT Immedia announced today that it has entered into an agreement with a syndicate of underwriters led by CIBC Wood Gundy Securities Inc., and including Midland Walwyn Capital Inc. and Eagle & Partners Inc., to issue 2,000,000 Special Warrants at $6.50 per share, by way of private placement, for aggregate gross proceeds of C$13,000,000. Each special warrant will be exercisable into one common share of MPACT Immedia for no additional consideration. The private placement is expected to close on or about May 14, 1998, and is subject to regulatory approval. The Special Warrants and the common shares issuable upon the exercise of the Special Warrants have not and will not be registered under the United States securities laws and may not be offered or sold in the United States, except pursuant to an exemption from registration. MPACT Immedia said it plans to use the net proceeds of the transaction to fund the deployment of its payment processing product, BuyWay, following the recent announcements with Compaq Computer Corp. of Houston, Tex., and Microsoft Corporation of Redmond, Wash. In addition, the funds from the sale of the Special Warrants will support the acquisition strategy of the Company and will meet working capital requirements from anticipated growth. MPACT Immedia Corporation, a worldwide leader in Electronic Commerce, offers both EDI Commerce and Internet Commerce products and services through its offices in Montreal, Livonia (Michigan), and Toronto. By marketing with strategic partners, MPACT Immedia has developed a client list of many of the Fortune 1000 companies, including such global players as Royal Bank of Canada, Bell Atlantic, Bank of America, Mercedes-Benz and British Aerospace. Its advanced technology e-commerce solutions enable organizations to better compete in the global marketplace. For more information on this press release, contact: Barry V. Engel John Davidson Executive VP, Corporate Affairs Director of Communications (514) 397-9747 (ext. 202) (514) 397-9747 (210) Email:engel.barry@mpact.net Email: davidson.john@mpact.net