VANCOUVER, June 28 /CNW/ - egX Group announces that it has applied to
extend the expiry date of 2,275,800 common share purchase warrants in
connection with a $583,950 non-brokered private placement financing that
closed July 31, 2006. The warrants, which were to have expired on July 31,
2007, will be extended until October 23, 2007 ("Expiry Date").
Subject to the TSX Venture Exchange approval, the holders of the warrants
may exercise the warrants at the original price of $0.45 until October 23,
2007. In the event that the common shares of the Company are traded on the TSX
Venture Exchange at a price of $0.60 or more for ten consecutive trading days
(the "Acceleration Event") at any time prior to October 23, 2007, the warrants
will expire on the earlier of the Expiry Date and 4:30 p.m. (Pacific Time) on
the date which is 30 calendar days after the Company provides notice to the
holders of the Warrants that the Acceleration Event has occurred.
About egX Group
egX Group is developing the egX, a global securities marketplace designed
for the listing and trading of real estate securities and related financial
products. The Company is preparing to launch its first marketplace in Canada
under egX Canada, a wholly-owned subsidiary of egX Group. To achieve global
presence and to penetrate international markets under the egX brand, egX Group
is partnering with interested parties established in the key international
financial centers in Europe, the Middle East, the Asia-Pacific region, and the
On behalf of the Board of Directors
Leo Chamberland, Director
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: visit us at www.investment.com, contact the
Company at (604) 681-7210, or review the most recent Annual Information Form
filed on SEDAR at www.sedar.com. We also invite you to read the Company's
business plan made available on the front page of our website.