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egX Group Inc. Capital/Financing Update 2000

Oct 24, 2000

44192_rns_2000-10-24_387f273a-34a1-4bc0-b042-efefaaace5e3.pdf

Capital/Financing Update

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GLOBAL INVESTMENT. COM FINANCIAL INC.

Suite 307 – 1040 Hamilton Street Vancouver, British Columbia V6B 2R9 Tel: (604) 681-7210

FORM 27

SECURITIES ACT

MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT

  1. Reporting Issuer

  2. GLOBAL INVESTMENT. COM FINANCIAL INC.

  3. Suite 307 – 1040 Hamilton Street

  4. Vancouver, British Columbia V6B 2M1

  5. Tel: (604) 681-7210

  6. Date of Material Change

  7. October 23, 2000

  8. Press Release

  9. October 23, 2000 through the Market News, George Cross Newsletter, And Stockwatch Magazine (Western Edition).

  10. Summary of Material Change See attached Global Investment. Com Financial Inc.; news release dated October 23, 2000

  11. Reliance on Section 85(2) of the Act

  12. Not Applicable

  13. Omitted Information

  14. Not Applicable

  15. Senior Officer Charles Desjardins, President of Global Investment. Com Financial Inc.

  16. Statement of Senior Officer

  17. The foregoing accurately discloses the material change referred to herein.

Stated at Vancouver, British Columbia on October 23, 2000.

Yours truly,

GLOBAL INVESTMENT.COM FINANCIAL INC.

“Charles Desjardins” CHARLES DESJARDINS, President

NEWS RELEASE

The Company announces that it has arranged, subject to regulatory approval, a nonbrokered private placement of 2,000,000 units at a price of $0.20 per unit. Each unit shall consist of one common share without par value in the capital stock of the Company and one non-transferable share purchase warrant, each warrant entitling the holder thereof to purchase an additional common share in the capital stock of the Company for a period of one year at a price of $0.25 per share. A finders fee may be payable on the non-brokered private placement in accordance with the policies of the Canadian Venture Exchange.

The Company announces that it has arranged, subject to regulatory approval, a brokered private placement of 2,000,000 units at a price of $0.20 per unit. Each unit shall consist of one common share without par value in the capital stock of the Company and one share purchase warrant, transferable in accordance with the policies of the exchange. Each warrant entitling the holder thereof to purchase an additional common share in the capital stock of the Company for a period of one year at a price of $0.25 per share.

Canaccord Capital Corporation will be acting as agent for the Company for the brokered private placement and will receive a commission equal to 8.5% of the gross proceeds of the private placement as well as 200,000 Agent warrants. Each Agent warrant will entitle the Agent to purchase an additional common share at a price of $0.25 for one year. The 8.5% commission may be payable in cash or by the issuance of Agent's units on the same terms as the units being offered.

The use of proceeds from the private placements, expected to be $800,000, in the event all of the units are sold, will be for general working capital purposes. “This financing will help us build on the solid foundation created by our stable of television, Web and media properties,” said Investment.com President and CEO Geof Wheelwright. “The media infrastructure we have established is allowing us to provide integrated communications products and services to the investment community. These services will include custom publishing, broadcast, streaming video and specialized Web projects that leverage the solid base of media properties provided by the Investment.com Web site, Investment.com Magazine, Mutual Fund Review, The Fund Counsel newsletter, Investment.com Presents on WorkdayTV and Dot.Com Television.”

On Behalf of the Board of Directors

Per: “Doug Mc Faul” Director

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.