Canop Closes Private Placement.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--July 8, 1999-- Canop Worldwide Corp. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CWC CWC Chemical Weapons Convention CWC Cricket World Cup CWC Central Wyoming College CWC Ceylon Workers' Congress (trade union; Sri Lanka) CWC Ceylon Workers Congress (Sri Lanka) ) announced that it has closed the second tranche Tranche One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics. tranche A class of bonds. of its previously announced private placement on July 8, 1999. Aggregate proceeds of the total private placement were $3,509,960 involving the issuance of a total of 5,849,933 common shares at $0.60 each. The first tranche of the private placement was closed June 18, 1999. The second tranche of the private placement was sold exclusively in the United Kingdom pursuant to an agency arrangement with Oakes Fitzwilliams & Company. The proceeds of the private placement are to be used to conduct seismic operations on the Company's properties in Tanzania and for general corporate purposes. Canop Worldwide Corp. is an international oil and gas exploration company based in Calgary, Canada. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. |
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