Aegis Energy Ltd. Completes Major Transaction and Private Placement.CALGARY, ALBERTA--(BUSINESS WIRE)--July 24, 1998--Aegis 1. (operating system) AEGIS - A Unix variant that was used on Apollo workstations before Apollo was bought by Hewlett Packard. AEGIS has some advantages over standard BSD or System V Unix. It includes faster file access and a richer command set; there are commands to find out which process is running on a particular node, which process is locking a particular file, etc. 2. Energy Ltd. (Alberta Stock Exchange:AJS AJS - Administration of Justice Studies AJS - AJ Stevens (motorcycles) AJS - America-Japan Society AJS - American Journal of Sociology AJS - American Journal of Surgery AJS - American Judicature Society AJS - Americans for Job Security AJS - Association for Jewish Studies) ("Aegis") is pleased to announce that it has successfully completed its previously announced: - Major transaction regarding the acquisition of certain oil and gas assets in southeastern Saskatchewan - Private placement of 2,000,000 units of Aegis at a price of $0.25 per unit for gross proceeds of $500,000. At an annual and special meeting of shareholders held on June 5, 1998, the shareholders of Aegis approved the acquisition of the following oil and gas interests: - A 4.831437 percent working interest in the Workman Voluntary Unit #3 from each of Protec Consulting Ltd. ("Protec"). and Chemnor Industries Ltd. ("Chemnor"). The consideration paid for each of Chemnor and Protec's interests was the issuance of 500,000 common shares at a deemed price of $0.25 per share and payment of $125,000 in cash. In total, Aegis issued 1,000,000 common shares at a deemed price of $0.25 per share and paid $250,000 in cash for a total working interest of 9.662 percent in the unit. - From Postell Enterprises Ltd. ("Postell"), certain non-unit interests in the Workman Area. The consideration paid to Postell was the issuance of 208,000 common shares at a deemed price of $0.25 per share. - From Hazelwood Hazelwood, city (1990 pop. 15,324), St. Louis co., E. Mo., a suburb of St. Louis; inc. as a village 1949, city charter approved 1969. Manufactures include aircraft, motor vehicles, microbiology instrumentation, plastics, power tools, medical equipment, and chemicals. Energy Limited ("Hazelwood"), certain oil and gas interests in the Steelman Steelman - DoD, June 1978. Fifth and last of the series of DoD requirements that led to Ada. "Steelman Requirements for High Order Programming Languages", US Dept of Defense, June 1978. SIGPLAN Notices 13(12) (Dec 1978). (See Strawman, Woodenman, Tinman, Ironman). Area. The consideration paid to Hazelwood was the issuance of 1,004,000 common shares at a deemed price of $0.25 per share. The aggregate purchase price paid by Aegis to acquire the above noted assets was the issuance of a total of 2,212,000 common shares at a deemed price of $0.25 per share and payment of a total of $250,000 in cash. The private placement of 2,000,000 units of Aegis at a price of $0.25 per unit was completed for aggregate gross proceeds of $500,000. The units consisted of one common share of Aegis and one common share purchase warrant which entitles the holder to acquire one additional common share at a price of $0.35 per share on or before June 7, 1999. Also at the annual and special meeting of shareholders held on June 5, 1998, the shareholders of Aegis elected Peter D. Sametz P.Eng., Frank P. Elliott P.Geol GEOL - Geological GEOL - Geology., Robert R. Hobbs C.M.A., and Jeffrey J. Scott to the board of directors for the following year. Robert A. McPherson P.Geol., P.Eng., was appointed secretary to the company. As a result of these transactions, effective July 27, 1998, the corporation shall be removed from the Junior Capital Pool Board on the Alberta Stock Exchange. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Aegis Energy Ltd. Pete Sametz P. Eng., 403/ 262-4937 |
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