Post by Franko10 ™ on Sept 27, 2004 19:42:26 GMT -5
MAGNUM MINERALS CORP. ("MM.H")
[formerly dba Telecom Corporation ("DBA.H")]
BULLETIN TYPE: Name Change and Consolidation, Shares for Debt
BULLETIN DATE: September 16, 2004
NEX Company
Name Change and Consolidation
Pursuant to a special resolution passed by shareholders on June 30, 2004, the Company has consolidated its capital on a 50 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening Friday, September 17, 2004, the common shares of Magnum Minerals Corp. will commence trading on TSX Venture Exchange, and the common shares of DBA Telecom Corporation will be delisted. The Company is classified as a 'temporarily unclassified' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
1,987,036 shares are issued and outstanding (including 992,844 shares to be issued pursuant to the shares for debt stated below).
Escrow: None
Transfer Agent: Pacific Corporate Services Ltd. (Vancouver)
Trading Symbol: MM.H (new)
CUSIP Number: 55973A 10 4 (new)
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 992,844 shares at a deemed value of $0.50 per share to settle outstanding debt for $496,422.16.
Number of Creditors: 8 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Distacomm Enterprises Ltd.
(Rick Siemens) Y $121,540 $0.50 243,080
RDH Holdings Ltd.
(Bruce Hicks) Y $107,500 $0.50 215,000
The Company shall issue a news release when the shares are issued and the debt extinguished.
[formerly dba Telecom Corporation ("DBA.H")]
BULLETIN TYPE: Name Change and Consolidation, Shares for Debt
BULLETIN DATE: September 16, 2004
NEX Company
Name Change and Consolidation
Pursuant to a special resolution passed by shareholders on June 30, 2004, the Company has consolidated its capital on a 50 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening Friday, September 17, 2004, the common shares of Magnum Minerals Corp. will commence trading on TSX Venture Exchange, and the common shares of DBA Telecom Corporation will be delisted. The Company is classified as a 'temporarily unclassified' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
1,987,036 shares are issued and outstanding (including 992,844 shares to be issued pursuant to the shares for debt stated below).
Escrow: None
Transfer Agent: Pacific Corporate Services Ltd. (Vancouver)
Trading Symbol: MM.H (new)
CUSIP Number: 55973A 10 4 (new)
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 992,844 shares at a deemed value of $0.50 per share to settle outstanding debt for $496,422.16.
Number of Creditors: 8 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Distacomm Enterprises Ltd.
(Rick Siemens) Y $121,540 $0.50 243,080
RDH Holdings Ltd.
(Bruce Hicks) Y $107,500 $0.50 215,000
The Company shall issue a news release when the shares are issued and the debt extinguished.