Contour Telecom Management Announces $2 Million Private Placement.TORONTO--(BUSINESS WIRE)--May 20, 1997--(CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :CTUR CTUR Confederated Tribes of the Umatilla Reservation (Washington) ) Contour Telecom Management Inc. (CDN-CTUR) announced today that it has privately placed 2 million Contour common shares at a price of $1.00 per share, through ____BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. (Canada) Securities Inc., with Quebec based mutual and pension funds. Proceeds of the private placement have been added to working capital. Jeremy Purbrick, Chairman and Chief Executive Officer said "We are pleased with our existing shareholders' increased interest in Contour and are delighted with their endorsement of our strategic direction". John F. Kalas KALAS Korean Association for Laboratory Animal Science , Vice President and Chief Financial Officer said "The funds will enable us to continue to invest in people and resources necessary to establish ourselves as the vendor of choice in the telecommunication outsourcing markets." From its facilities in Toronto and Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , Contour Telecom Management manages organizations' telecommunications facilities and expenditures to client-specified service levels. The Company uses a unique, structured approach to telecom management, emphasizing superior service and support levels. Contour markets its services directly to major corporations in Canada and the USA. CONTACT: Contour Telecom Management Inc. John F. Kalas, 416/622-0240 ext. 504 or Contour Telecom Management Inc. Jeremy Purbrick, 416/622-0240 ext. 203 |
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