Jot-It! Announces $400,000 Private Placement.VANCOUVER--(BUSINESS WIRE)--July 28, 1997--JOT-IT! Software Corp. announced Monday a private placement of 500,000 Special Warrants (the "Special Warrants") at a price of $0.80 per Special Warrant.
Each Special Warrant will be exercisable by its holder, without further payment, into one unit (a "Unit") consisting of one Common Share of the Issuer (an "Underlying Share") and one share purchase warrant (an "Underlying Warrant"). One Underlying Warrant will entitle en·ti·tle
tr.v. en·ti·tled, en·ti·tling, en·ti·tles
1. To give a name or title to.
2. To furnish with a right or claim to something: the holder thereof to purchase an additional Common Share of the Issuer for a period of two years from the date of exercise of the Special Warrants at a price of $0.80 per share in the first year and $0.92 per share in the second year.
The proceeds of the Private Placement in the sum of $400,000 will be added to the $1,200,000 proceeds to be raised pursuant to the news release issued by JOT-IT! on July 14, 1997, and the aggregate proceeds of $1,600,000 be used for advertising and marketing JOT-IT! products.
There is no specific agreement for the filing of an Exchange Offering Prospectus and no penalty provision if an Exchange Offering Prospectus is not filed by a particular date.
The Vancouver Stock Exchange Vancouver Stock Exchange (VSE)
A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.
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CONTACT: JOT-IT! Software
Grant Sutherland Sutherland or Sutherlandshire, former county, N Scotland. Under the Local Government Act of 1973, Sutherland became (1975) part of the new Highland region (now a council area). , 604/688-0047
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