Carbite Golf Inc. Announces Private Placement.SAN DIEGO--(BUSINESS WIRE)--Dec. 16, 1998--CARBITE GOLF INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (VSE See DOS/VSE. VSE - Virtual Storage Extended :CAB) (the "Company") is pleased to announce that it has agreed to raise up to Cdn.$60,000.00 by way of a private placement of units at $0.40 per Unit. Each unit will be comprised of one common share with one two year non-transferable share purchase warrant. One warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder thereof to purchase one additional common share of the Company, at $0.40 per share in the first year and at $0.50 per share in the second year. There will be no finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. payable pursuant to this placement. Closing of this placement is subject to board and regulatory approval and completion of final documents. The capital being raised will be used by the Company for general working capital. This Press Release was prepared on behalf of the Board of Directors which accepts full responsibility for its contents. ON BEHALF OF THE BOARD MICHAEL SPACCIAPOLLI, President & Director For further information, please contact: Lewis, England England, the largest and most populous portion of the United Kingdom of Great Britain and Northern Ireland (1991 pop. 46,382,050), 50,334 sq mi (130,365 sq km). It is bounded by Wales and the Irish Sea on the west and Scotland on the north. & Associates, Inc. Phone: (501) 376-0222 / Fax: (501) 376-6690 US/CAN: 1-888-376-3900 OR Martyn Element & Associates Corporate and Project Finance Limited Phone: (604)687-6820 / Fax: (604)687-6328 US/CAN: 1-800-505-5655 The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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