BridgePoint International - Issuance of 8,750,000 Class A Common Shares.Business Editors MONTREAL--(BUSINESS WIRE)--April 6, 2000 BridgePoint International Inc. (ME:BDG BDG Building (usually seen as BLDG) BDG Budget BDG Binding BDG Bundaberg (Queensland, Australia) BDG Blanding, Utah (airport code) BDG Batten's Disease Gene .) ("BridgePoint") is pleased to announce that its Board of Directors has approved the final version of the prospectus qualifying 8,750,000 class A common shares for which receipt was obtained from the Quebec Securities Commission on March 31, 2000. BridgePoint will issue, in exchange of the special warrants certificates, a total of 8,750,000 class A common shares (i.e. one class A common share for each special warrant held). The special warrants have been issued, on December 7, 1999, pursuant to an Agency Agreement entered into at that same date with Canaccord Capital Corporation. The 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 will be utilized primarily by BridgePoint to pay for leasehold improvements and equipment in connection with the opening of new co-location centers (including the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. centers), to purchase switching equipment from Ericsson Communications Inc. and to finance selling and marketing expenses. BridgePoint is an emerging leader in the development and delivery of central office outsourcing services through neutral co-location facilities, Virtual Gateway Systems and technical support. BridgePoint's mission is to provide the telecommunications and internet industry with flexible, secure and cost-effective solutions for networking facilities and technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . NO REGULATORY AUTHORITY Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE |
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