To: Cheeky Kid who wrote (3229 ) 2/28/1999 9:08:00 AM From: Ted Carter Read Replies (2) | Respond to
The company announced that Mr. Timothy Gladieux and Mr. Russell Murata have joined the Board of Directors of Sungold, effective February 1, 1999. The company's Annual General Meeting held on February 19, 1999 was well attended and all matters brought before the members of the company were approved by a wide margin. Mr. Gladieux has served as VP, Operations of the company since June 1, 1998. He is the President and C.E.O. of V/Gladieux Enterprises, Inc., a diversified hospitality and food service management firm with additional interests in recreational marinas and real estate development. V/Gladieux Enterprises, Inc. holds food service contracts at over 100 facilities,, has aggregate sales in excess of U.S.$50 million annually and employs over 1,000. Mr. Murata has served as VP, Corporate Affairs of the company since December 29, 1998. He was President of PNEUCO Sales & Engineering Ltd., of Richmond, B.C. for 20 years until he sold the company in April, 1998. Mr. Murata has experience owning and racing thoroughbreds in Canada. He is also a sophisticated investor and has been a licensed broker in British Columbia. Mr. Murata is an independent business consultant. Messrs. Gladieux and Murata are much appreciated additions to the company's Board of Directors. The company also announced that it has completed the private placement of 50,000 units with Mr. Murata, each unit comprised of one common share and one non-transferable share purchase warrant in the capital stock of the company, at U.S. $1.00 per unit, to net the treasury an aggregate of U.S. $50,000. Each two share purchase warrant entitles the holder to purchase one additional common share of the company for a period of two years from December 29, 1998, being the date of the private placement agreement, at U.S. $1.00 per share during the first year and at U.S. $1.25 per share during the second year.
