Cyberplex Inc. Completes $15 Million Special Warrant Offering.TORONTO--(BUSINESS WIRE)--May 12, 1999-- Cyberplex Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CX), a leading Internet professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm, announced that it has completed the offering of 2,223,000 special warrants, raising $15,005,250 in gross proceeds. Each special warrant was priced at $6.75 and, subject to adjustment in certain circumstances, is exercisable into one common share of Cyberplex, for no additional consideration. The financing was led by Griffiths McBurney & Partners, who acted as agents, along with Kearns Capital Limited and St. James Securities Inc. The offering took place in Ontario, Quebec, Alberta and Manitoba, and Cyberplex has undertaken to file a prospectus in such provinces within 90 days to qualify the common shares to be issued upon the exercise of the special warrants. "This financing will help us as we execute our strategy of expansion into the U.S.," said Dean Hopkins Dean Hopkins (born June 6, 1959 in Cobourg, Ontario) is a retired professional ice hockey forward. Career Dean Hopkins started off his junior career with the 1974-75 Owen Sound Greys of the Mid-Ontario Junior B Hockey League. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyberplex. "With one acquisition already completed, we continue to see the U.S. as a tremendous opportunity for expansion." "Our business plan for 1999 is very aggressive," said Geoffrey Rotstein, Chief Financial Officer of Cyberplex Inc. "This new funding will allow us to continue building our infrastructure in Canada, as well as extending our business and our brand throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Cyberplex is one of North America's leading Internet professional services companies dedicated to providing business solutions with Internet technology. With blue chip clients including: Chapters, Sprint Canada, Dell, Tivoli, Samsung, 3M and Labatt, Cyberplex is frequently the firm of choice for large and complex internet-based business solutions. Cyberplex's unique approach fuses management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects strategies with cutting-edge technologies and award-winning multimedia creative to build Internet solutions that deliver results. Headquartered in Toronto, Canada; Cyberplex has offices in Halifax, Montreal, Waterloo, Austin, Texas and Charlotte, N.C. Cyberplex is publicly traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CX". Visit Cyberplex's website at http://www.cyberplex.com |
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