Canop Worldwide Corp. Announces Private Placement.Business Editors CALGARY, ALBERTA--(BUSINESS WIRE)--July 7, 2000 Canop Worldwide Corp. (CDNX CDNX 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) .) today announced a private placement of up to $500,000 in Convertible Notes. The Notes bear interest at 9% per annum Per annum Yearly. , which interest will be accrued and paid at the end of the term of the Note, September 30, 2001. Principal plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. on the Notes are convertible at any time at the option of the holder at 65 cents per Common Share of Canop Worldwide Corp. The conversion privilege is subject to acceptance by the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . It is anticipated that insiders of Canop Worldwide Corp. will participate in the private placement. Canop Worldwide Corp. is listed on the Canadian Venture Exchange under the stock trading symbol of "CWC" and is engaged in the business of exploring for energy resources in Tanzania. The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein. |
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