Stamford International Inc. Announces Private Placement, Share Consolidation and Change of Name.TORONTO--(BUSINESS WIRE)--April 25, 1996--Stamford International Inc. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : STFD STFD Shut the Front Door (band) STFD Single Transistor Flyback Driver STFD Sit The Flip Down (polite form) STFD Sit the Fudge Down (polite form) ) (formerly Stamford Bancorp Inc.) ("Stamford" or the "Company") announces that it has agreed to issue through a private placement, 4,500,000 units at $0.10 per unit. Each unit will consist of one share and one share purchase warrant. Each warrant will be exercisable at $0.10 per share during the first year and at $0.15 per share during the second year. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). will be used for the acquisition of the rights of the Ice Blast technology from Job Industries Ltd., a company whose shares are listed on 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). . At the Annual and Special Meeting of Shareholders held on April 15, 1996, shareholders have approved a share consolidation on a one for six basis and a change of name to Stamford International Inc. Trading of the shares on a consolidated basis will commence on Wednesday, May 1, 1996, under the trading symbol Trading symbol See: Ticker symbol "STFD". CONTACT: Stamford International Inc. Michael W. Manley, 416/862-0887 416/862-2204 (Fax) Ms. France Crawford, 416/862-0887 416/862-2204 (Fax) |
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