News von Adelong - aktuell
Autor: other people money Datum: 21/03/2000 - 08:11 Board: Japan, Australien
ADELONG CAPITAL LIMITED 2000-03-21 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ ADDITIONAL INVESTMENT IN FREEISP.COM LIMITED Adelong Capital Limited has invested an additional $750,000 in FreeISP.com Limited, increasing its equity holding in this company to 25.5%. FreeISP, the Sydney based free Internet service provider, is currently in discussions with a number of underwriters in relation to the public listing of FreeISP. It is the intention of FreeISP to proceed to float in as short a time as practicable. As previously announced it is the intention that Adelong shareholders will be entitled to participate in this float, however, details will not be available until such time as the final float structure has been determined. Shareholders will be kept informed in relation to this matter. RE-LISTING OF ADELONG CAPITAL LIMITED The Company is pleased to announce it has appointed Mr David Macoboy of Clermont Capital to co-ordinate and facilitate the re-listing of the Company in conjunction with CIBC World Markets. The Company is not yet able to announce the timing for the re-listing as this is dependent on completion of the Prospectus/Information Memorandum and the program in relation to the investment of funds into appropriate information technology. In accordance with ASX listing rules, the Company must, amongst other requirements, have invested or committed at least 50% of its available funds (prior to re-listing) being approximately $5 million. G Swaby COMPANY SECRETARY |