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Daedalian eSolutions Inc. — Capital/Financing Update 2000
Dec 22, 2000
44244_rns_2000-12-21_eb469dc0-57bb-414c-b9c8-4882ddcb9b53.pdf
Capital/Financing Update
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FORM 27 MATERIAL CHANGE REPORT UNDER SECTION 118(1) OF THE SECURITIES ACT, ALBERTA; SECTION 85 OF THE SECURITIES ACT, BRITISH COLUMBIA; AND SECTION 75 OF THE SECURITIES ACT, ONTARIO
| ITEM 1 | Reporting Issuer: |
|---|---|
| Daedalian eSolutions Inc. ("Daedalian eSolutions") 4 King Street West Floor 17 Toronto, Ontario M5H 1B6 |
|
| ITEM 2 | Date of Material Change: |
| December 18, 2000 | |
| ITEM 3 | Publication of the Material Change: |
| A press release was issued December 20, 2000. | |
| ITEM 4 | Summary of Material Change: Daedalian eSolutions has completed a private placement of $1,900,000 from 1434670 Ontario Inc., a private Ontario corporation, wholly owned by John McKimm, the Chairman of Daedalian eSolutions. The private placement funds will be used for working capital purposes. |
| ITEM 5 | Full Description of Material Change: Daedalian eSolutions has completed a private placement of $1,900,000 from 1434670 Ontario Inc., a private Ontario corporation, wholly owned by John McKimm, the Chairman of Daedalian eSolutions. The private placement funds will be used for working capital purposes. |
| Daedalian eSolutions issued 9,500,000 units at $0.20 per unit. Each unit consists of one common share and one common share purchase warrant. The units will not be qualified by a prospectus and are therefore subject to a one-year hold period on trading. The warrants are exercisable for two years from the closing date of the private placement, at an exercise price of $0.25 in the first year and $0.30 in the second year. |
|
| No agent was retained for the purposes of the private placement. | |
| ITEM 6 | Reliance on Section 118(2) of the Securities Act: |
| Not applicable. | |
| ITEM 7 | Omitted Information: |
| Not applicable. |
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ITEM 8
Senior Officers:
Jeffrey D. Puritt Daedalian eSolutions Inc. 4 King Street West Floor 17 Toronto, Ontario M5H 1B6 Telephone: (416) 862-1401
ITEM 9 Statement of Senior Officer:
The foregoing accurately discloses the material change referred to in this report.
DATED at Toronto, Ontario, on the 21st day of December, 2000.
DAEDALIAN eSOLUTIONS INC.
Per: (Signed) Jeffrey D. Puritt Jeffrey D. Puritt Vice President, Corporate Development and General Counsel
IT IS AN OFFENCE UNDER THE SECURITIES ACT AND THE SECURITIES REGULATION FOR A PERSON OR COMPANY TO MAKE A STATEMENT IN A DOCUMENT REQUIRED TO BE FILED OR FURNISHED UNDER THE ACT OR THE REGULATION THAT, AT THE TIME AND IN THE LIGHT OF THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.
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