Contiki Resources Corporate Update.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 6, 1999-- Contiki(VSE See DOS/VSE. VSE - Virtual Storage Extended :TKI TKI Te Kete Ipurangi (New Zealand) TKI Tenaga Kerja Indonesia TKI Tyrosine Kinase Inhibitor TKI Turkiye Komur Isletmeleri (Turkey) TKI Trial Kit Installation .) Contiki Resources Ltd. is pleased to announce significant progress on its entry into the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the soccer pools betting business through the acquisition of the GoldenGoals.com business. The non-brokered private placement announced by Contiki on June 3, 1999 has been completed. The private placement consisted of 1,666,667 units at a price of $0.30 per unit, with each unit consisting of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of Contiki at a price of $0.75 per share expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. December 17, 1999. The shares, together with any shares issued on exercise of the warrants, will be subject to a hold period in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography expiring at midnight on October 17, 1999. Gross proceeds of $500,000 acquired from this private placement will be used to complete the acquisition of Alternative Card Company Ltd., a UK based company that owns the GoldenGoals.com business, and for working capital purposes. Contiki has advanced $100,000 to Alternative Card Company Ltd. to cover past costs incurred and development costs up to the launch of the GoldenGoals.com game. Development is on schedule and in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. testing of the website is now in progress with completion expected by the end of July 1999. Contiki has engaged Golden Capital Securities Ltd. to act as Contiki's sponsor for its change of business as previously disclosed in Contiki's June 4, 1999 news release. Golden is in the process of filing the Pre-Listing Application required by 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). and is completing the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review required by local policy 3-17. An Extraordinary General Meeting of Contiki shareholders will be held on July 16, 1999 to vote on the acquisition of Alternative Card Company Ltd. the owner of GoldenGoals.com business. Betting on soccer games is a very large business in the UK, estimated at over 500 million pounds ($1.2 billion) annually. GoldenGoals.com will offer an easy, low cost, fun way to win big prizes by forecasting English Premier League Soccer scores. The guaranteed top prize of 1 million pounds ($2.4 million) is expected to attract many players. Other prizes will be paid as a portion of the pool of stakes collected. GoldenGoals.com operations will be based in the UK and designed to attract English Premier League soccer fans worldwide. The business will be fully licensed and regulated by the British Government. ON BEHALF OF THE BOARD D. Neil Briggs, Director |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion