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Article: Electric Mail Company Announces Closing of Private Placement.
- Article from:
- Business Wire
- Article date:
- July 9, 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)--July 9, 1999--
ELECTRIC MAIL (VSE:ELE.) The Electric Mail Company Inc. (the "Company") (VSE:ELE, www.electricmail.com), a leading provider of email outsourcing in North America and rapidly expanding across the globe, is pleased to announce it has closed the private placement of 900,000 units at a price of $1.75 per unit, for gross proceeds of up to $1,575,000.
Each unit consists 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 $2.75 ...