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April 6, 2000
NEWS RELEASE NO. 00-007b
Trading Symbol CDNX: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. James L. Swanson, Chairman of CON-SPACE COMMUNICATIONS LTD., (CDNX: CCB) announced today that the company has appointed Canaccord Capital Corporation ("Canaccord") as its agent, to offer by way of a short form offering, to the public in British Columbia 1,000,000 units at a price of $0.60 per unit. Each unit consists of one common share and one transferable common share purchase warrant. Each two warrants are exercisable within a period of one year to purchase one additional common share at a price of $0.80.
Canaccord will receive a commission of 7.5%, payable in cash, and will receive agent's warrants entitling it to purchase 250,000 common shares at a price of $0.80 for a period of one year.
The company will receive net proceeds of $555,000 after payment of commissions and will use the funds as follows:
Additional marketing and manufacturing
personnel
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$125,000 |
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