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
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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