Cable Satisfaction announces approval of amalgamation of Cable Satisfaction Inc. and Exxeter Resources.MONTREAL--(BUSINESS WIRE)--July 8, 1996--Further to a press release by Exxeter Resources Inc. ("Exxeter") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Toronto "EXXR") dated April 9, 1996, Cable Satisfaction Inc. ("CSIX") is pleased to announce that the amalgamation amalgamation /amal·ga·ma·tion/ (ah-mal´gah-ma´shun) trituration (3). amalgamation ( of the two companies has been approved by their respective shareholders. The amalgamation is effective June 30, 1996. CSIX is proceeding to file all requirements with the regulatory bodies and intends to resume trading on the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Dealer's Network Inc. under the symbol "CSIX," as soon as approval is obtained. CSIX will continue the development of its projects in Guadeloupe and Portugal where it is building wide band state of the art cable television networks. The potential of Guadeloupe is 110,000 homes passed and in Portugal is in excess of 1,000,000. Subject to regulatory approval, CSIX is proceeding with a private placement of 3,000,000 units. Each unit is composed of 1 subordinate voting share at $1.25 per share and 1 share purchase warrant. Each warrant entitles its holder to buy 1 subordinate voting share of CSIX at a price of $1.50 until February 28, 1997 or $2.00 until September Until September is a 1984 romantic drama set in France. It stars Karen Allen as an American tourist in Paris who falls in love with a married Frenchman (Thierry Lhermitte). External links 30, 1997. CSIX will pay a commission to a broker, payable, at the discretion of the broker, in cash or in subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. and share purchase warrants. 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). will be used to start up building the television cable network in Portugal, to continue the development of the television cable network in Guadeloupe and applied to working capital of CSIX. CSIX is solely responsible for the contents of this press release. No regulatory body having jurisdiction over the securities of CSIX has approved or disapproved its contents. CONTACT: Groupe Cable Satisfaction International Inc. Guy Laflamme, 514/468-4485 514/468-5957 (fax) or Groupe Cable Satisfaction International Inc. Francois de Billy, 514/468-4485 514/468-5957 |
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