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Technology Stocks : SpaceDev: Mine Asteroids -- Ignore unavailable to you. Want to Upgrade?

To: Shamus who wrote (26)	5/15/1998 7:20:00 AM
From: Ploni	Read Replies (2) \| Respond to of 65

What sort of financing deal did SPDV arrange? It would be nice to know what they gave away in terms of stock, options, conversion features, etc. The market seemed to react negatively, driving the stock down as low as 1 7/8, before it closed at 2 1/4, down 14%. * * * SAN DIEGO, May 14 /PRNewswire/ -- SpaceDev (OTC Bulletin Board: SPDV) announced today that it completed an agreement with J.P. Carey to raise approximately $900,000 in private financing. SpaceDev intends to use the proceeds to fill several key positions, such as Near Earth Asteroid Prospector ("NEAP") Project Manager and NEAP Spacecraft Engineer and to begin constructing the NEAP spacecraft. Based in Atlanta, GA, J.P. Carey arranges equity and debt financing for publicly traded U.S. companies. The company specializes in private placements that serve as an alternative to secondary offerings. The company also manages funds dedicated to investment into growing companies. SpaceDev, the world's first commercial space exploration company, intends to launch the first privately financed mission to another planetary body. NEAP will assess and then land on its target near earth asteroid. SpaceDev is selling rides for scientific instruments to universities, governments and companies to transport their instruments and experiments through deep space to another planetary body. SpaceDev intends to sell the scientific data acquired by additional instruments as commercial products. Based in Colorado, SpaceDev has offices in San Diego and Washington D.C. Except for historical financial information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties including but not limited to such factors as market demand, pricing, and changes in worldwide economic conditions. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Note: News releases and other information about SpaceDev Inc. can be accessed at spacedev.com or ctaonline.com.