TORONTO, Jan. 21 /CNW/ - Hakim Usman, Chairman of Euro-Net Investments
Ltd. (formerly YAH of the TSX Venture Exchange) is pleased to announce its
final financing prior to listing. Euro-Net will issue up to $1,000,000 in 2008
of convertible demand promissory notes. Each note will accrue 12% per annum.
Conversion terms will be determined by negotiations between the Corporation
and the subscribers of the notes. Conversion of debt to equity will be subject
to regulatory approval.
Investor Relations Solutions Group will organize the buyers' group and
pay a 10% commission as well as 10% of the company's next option plan. This
will be subject to regulatory approval as well.
There are currently 12,936,167 shares and no options and the Company
continues to comply with all interest payment obligations.
This press release contains certain "forward-looking statements" that
involve a number of risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
For further information:
For further information: Mr. Hakim Usman, Chairman, Tel: (416) 544-3442,
E-mail: email@example.com; OR Mr. Ron Paquet, Vice-President,
(Communications), IRSG, Tel: (416) 440-9848