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HARVARD CAPITAL CORP. ANNOUNCES APPLICATION FOR PRIVATE PLACEMENT

 VANCOUVER, British Columbia, Nov. 18 ~PRNewswire~ -- Harvard Capital Corp. (Vancouver: HCC) today announced that it will seek shareholder approval at a special general meeting to be held Friday, Jan. 29, 1993, of the creation of a class of convertible preferred shares so as to permit the company to pursue a CDN $5,000,000 private placement in the first quarter of 1993. The proceeds of this private placement will be used for financing and rollout of Harvard's "Spud Stop(TM)" french fry vending machines.
 Harvard intends to make application for the listing of its shares on the Emerging Company Marketplace of the American Stock Exchange (AMEX-ECM). For the purposes of this listing, and to attract new institutional investment in the company, Harvard will also seek shareholder approval of the consolidation of its common shares on the basis of one new share for each five existing shares.
 These transactions are subject to acceptance for filing by all relevant regulatory authorities.
 -0- 11~18~92
 ~CONTACT: Robert W. Dunn, senior VP and CFO of Harvard Capital, 604-688-4883~
 (HCC.)


CO: Harvard Capital Corp. ST: British Columbia IN: SU:

JL -- LA028 -- 2469 11~18~92 14:58 EST
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Publication:PR Newswire
Date:Nov 18, 1992
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