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Article: Electric Mail Company Announces Private Placement.
- Article from:
- Business Wire
- Article date:
- May 17, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia--(BUSINESS WIRE)--May 14, 1999--
Electric Mail (VSE:ELE.) The Electric Mail Company Inc. (the "Company") (VSE:ELE, www.electricmail.com), Canada's leading email outsourcing solutions provider, announces that it intends to undertake a non-brokered private placement of up to 900,000 units at a price of $1.75 per unit, for gross proceeds of up to $1,575,000, subject to regulatory approval. Each unit will consist of one common share and one-half non-transferable share purchase warrant, with one full warrant entitling the holder thereof to purchase an additional common share at any time up to 18 months from the closing date at a price of ...