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Article: NAG Management Buyout of Highpoint's Interest in NAG.
- Article from:
- Business Wire
- Article date:
- September 28, 2000
CopyrightCOPYRIGHT 2000 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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Business Editors
VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 28, 2000
Highpoint Telecommunications (CDNX: HGP.) announces that it has agreed to a transaction with Emily Aspell-Science involving Highpoint's Preferred Shares, Series I and substantially all of Highpoint's shares in The North American Gateway Inc. ("NAG").
The effect of the transaction is that Mrs. Aspell-Science will return all of Highpoint's 3,071,672 Preferred Shares, Series I which are currently issued and outstanding. The Preferred Shares, Series I which are convertible into 3,071,672 common shares of Highpoint upon certain conditions were issued to Mrs. Aspell-Science in April, ...