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Technology Stocks : TSI TelSys Corporation - Satellite communications -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (79)	3/11/1999 5:03:00 PM
From: MF	Read Replies (1) \| Respond to of 241

TSI TelSys arranges $2-million (U.S.) credit facility TSI TelSys Corp TSI Shares issued 9,754,200 Mar 10 close $1.65 Thu 11 Mar 99 News Release Mr. Paul Sevigny reports Further to news in Stockwatch Jan. 22, 1999, the company's operating subsidiary, TSI TelSys, Inc., has completed a new $2-million credit facility with The CIT Group/Credit Finance Inc., one of the leading asset-based lending institutions in the United States. As a term of the proposed credit facility, CIT has been granted 80,000 share purchase warrants in TSI TelSys Corporation which will entitle CIT to purchase 80,000 shares of the company for five years from the date of closing at a price of $1.87 per share. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com