Concert Industries Ltd. - Private Placement Financing.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , BRITISH COLUMBIA--(BUSINESS WIRE)--June 3, 1997-- CONCERT (ME CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage .) Further to the Company's news release of March 5, 1997 concerning its private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , the Company announces that it has reached an agreement with ICEC ICEC International Conference on Entertainment Computing ICEC International Cost Engineering Council ICEC International Cryogenic Engineering Conference ICEC Institute of Certified E-Commerce Consultants ICEC International Centre for Educational Change Holding, s.r.o. (ICEC) to extend the closing date of the subscription agreement from May 31, 1997 to July 15, 1997. Concurrently, the Company and ICEC intend to enter into a release agreement under which the Company will have the option to repay the previously advanced funds plus costs in the aggregate of $4,100,000. The extension of the subscription agreement is subject to regulatory approval. On behalf of the Board of Directors Dieter Peter President & C.E.O. Concert Industries Ltd. CONTACT: Concert Industries Ltd. The Office, 604/681-1008 604/681-2627 (FAX) inrel@air-laid.com http://www.air-laid.com REPEATS: 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 212-752-9600 or 800-221-2462; Boston 617-236-4266 or |
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