AireSurf Proposes Private Placement.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- AireSurf Networks Holdings Inc. (CNQ CNQ Cost of Non Quality CNQ Canadian Trading & Quotation System Inc. CNQ Club Neon Quebec (Quebec Neon Club) :AIRE) announces a proposed private placement of up to 15,000,000 units of the Company at a price of $0.10 per unit for gross proceeds of up to $1,500,000. Each unit is to be comprised of one class A voting share and one class A voting share purchase warrant. Each warrant entitles the holder thereof to acquire an additional common share at a price of $0.15 for a period of two years. The proceeds of the private placement will be used for general working capital purposes. Completion of the private placement is subject to regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approval, including satisfaction of the requirements of the CNQ. Shares Outstanding: 25,561,328 AireSurf Networks Holdings Inc. (CNQ:AIRE) |
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