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Microcap & Penny Stocks : NAUGHTY NOTES-SHORT TERM STOCK TRADING IDEAS -- Ignore unavailable to you. Want to Upgrade?

To: BUDDY MOYNIHAN who wrote (151)	4/12/1999 1:16:00 PM
From: NAUGHTY NOTES	Respond to of 751

another one ready to fly...huge bids...big gap tomorrow imho. Rhyme closes 780,000 special warrant financing Rhyme Industries Inc RHM Shares issued 10,387,916 1999-04-05 close $0.14 Tuesday Apr 6 1999 Mr. Rene Bernard reports Subject to final approval from the Vancouver Stock Exchange, the company has closed a non-brokered private placement of 780,000 special warrants at 28 cents per special special warrant. Each special warrant is exercisable into one unit. Each unit consists of one postconsolidated share and one warrant exercisable for one year at 28 cents per postconsolidated share in the first year and at 33 cents per postconsolidated share in the second year. The special warrants will be deemed to be exercised on the fifth business day after the date that the company confirms in writing to the holder of the special warrants that it has filed an annual information form with the British Columbia Securities Commission and otherwise qualifies to reduce the hold period on the shares and the warrants underlying the special warrants from 12 to four months. The proceeds of $218,400 raised will be spent on product development, marketing expansion and working capital. The company is a technology company with rights to several bio-tech products. The company also holds a 40 per cent interest in Info4Us.com Inc., an Internet joint venture. The company announces further that it will provide a $25,000 non-interest bearing shareholder loan to Info4Us.Com Inc. Info4Us.Com is developing multimedia and Internet e-commerce products, namely an on-line shopping mall with the domain pricemax.com which will host a variety of specialty stores, (pool and spa, first nation crafts, artist materials, spiritual books). Additional capital is made available to Info4Us.Com by its joint venture partners and outside capital.