CrossKeys Secures Commitment for Financing.Business Editors KANATA, Ontario--(BUSINESS WIRE)--Dec. 14, 2000 CrossKeys Systems Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CKEY) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CKY CKY Camp Kill Yourself (band) CKY Conakry, Guinea - Conakry (Airport Code) .) announced today that it has secured Cdn $8 million in financing. This financing will provide the company with the flexibility to pursue its strategic goals as it meets customer needs and develops best-of-breed software products. The financing will be provided by Dr. Terence Matthews, the Chairman of CrossKeys Board of Directors, under a credit facility to be drawn down as required by the company. CrossKeys has authorized a total credit facility of up to Cdn $16 million and will offer other shareholders of the company the remaining Cdn $8 million on the same terms and conditions. The credit facility has the following terms: interest rate is 12 per cent per annum Per annum Yearly. ; maturing on the earlier of December 13, 2001 or a change of control; upon each drawdown Drawdown The peak to trough decline during a specific record period of an investment or fund. It is usually quoted as the percentage between the peak to the trough. Notes: by the company under the credit facility, warrants will be issued to the lender for an aggregate number of Common Shares equal to 43.90 per cent of the drawdown amount divided by Cdn $1.65, being the closing price of the Common Shares on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. today, and the warrants will be exercisable at such price for a period of five years. The transaction is subject to the approval of regulatory authorities. About CrossKeys Systems Corporation CrossKeys Systems Corporation (www.crosskeys.com) develops software that makes the Internet work for business. The world's largest and fastest growing service providers manage the equipment, traffic, and service on their telecom networks with CrossKeys. CrossKeys Systems Corporation is a public company whose common shares are listed for trading on NASDAQ (CKEY) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and on The Toronto Stock Exchange (CKY) in Canada. CrossKeys, its logo and Resolve are registered trademarks of CrossKeys Systems Corporation. All other trademarks are the property of their respective holders and are acknowledged by CrossKeys Systems Corporation. |
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