BCB Announces Terms of Rights Offering.MARKHAM, Ontario--(BUSINESS WIRE)--Oct. 3, 1997--BCB Holdings Inc.(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BIV BIV Bivouac BiV Biventricular BIV Bovine Immunodeficiency Virus BIV Built-in Variable (plumbing) .) BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band Holdings Inc. announced today that, subject to regulatory approval, it will offer new common shares through the issuance of rights to holders of common shares, warrants and convertible debentures Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. , as of record Friday, October 10, 1997. Five rights and the payment of $0.15 will be required to purchase one new share. Purchases must be in minimum amounts of 100 shares and multiples thereof. The rights will expire on the close of business, Monday, November 3, 1997. One right will be granted for each (i) common share, (ii) share purchase warrant, (iii) $0.25 principal amount of 8 percent convertible debentures, and (iv) $0.20 principal amount of 12 percent convertible debentures held at the close of business on the record date. The estimated net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of this offering, assuming all rights are exercised, will be approximately $1,010,000, after payment of expenses of issue including fees payable to the soliciting dealers. The Managing Soliciting Dealer will be Jones, Gable gable Triangular section formed by a roof with two slopes, extending from the eaves to the ridge where the two slopes meet. It may be miniaturized over a dormer window or entranceway. & Company Limited. The proceeds of this issue will be applied to (i) sales and marketing, (ii) software and hardware development, (iii) continued research and development, (iv) advances to BCB's newly acquired subsidiary, Granville Research Inc., (v) repayment of the 12 percent convertible debentures and (vi) to improvement of working capital. BCB Holdings Inc. is a developer of innovative systems and services in computer-based voice processing The computerized handling of voice, which includes voice store and forward, voice response, voice recognition and text to speech technologies. markets. BCB is gaining recognition for systems and services designed to digitally record voice for compression, storage, playback, transcription and high-speed voice transmission, particularly as the internet (private, corporate computer networks) become channels for voice e-mail, live chat and voice document distribution. BCB means Better Communication in Business. -0- Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved the information herein. CONTACT: BCB Holdings Inc. Peter Vanderlee, 905/948-8266 ext. 204 or BCB Holdings Inc. Flora Wood, 416/777-0001 |
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