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Gold/Mining/Energy : Conac Software Corp COT.V (was Exor Data) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (425)	1/16/1999 12:37:00 AM
From: Bruno Steinhauser	Read Replies (4) \| Respond to of 527

Daniel I was not asked, but I answer you question. a Private Placement is a direct investment into a company. The Investor lays the money down and he gets shares in the amount of his investment. 300.000 $ divided by 0.60 $ equals 500.000 shares. As a kind of bonus the investor receives the right to purchase another 500.000 shares at a fixed price. In this case obviously also at 0,60$. The exercising of those warrants has to be executed within a certain period of time, in most cases within 12 months or alternatively they will expire. Some warrants provide a period of 24 months time to be exercised. In that case the price of the warrant to be exercised increases to 0,69 $. There is a couple of good seminars with regard to basic knowledge of Venture Capital investments into seed companies, offered all over the places. May be you should visit one or I can give you some good recommendations on special literature of this subject. regards Bruno