TORONTO, June 18 /CNW/ - Hakim Usman, Chairman of Euro-Net Investments
Ltd. (formerly YAH of the TSX Venture Exchange) is pleased to announce that it
will issue 4 $250,000 convertible demand promissory notes. Each note will
accrue 12% interest per annum. Conversion terms will be determined by
negotiations between the Corporation and the subscribers of the Notes. Any
conversion of debt to equity will be subject to regulatory approval.
Investor Relations Solutions Group will handle the financing and will
receive 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.
The Company has engaged the law firm of Aylesworth to begin with the AIM
listing previously mentioned in the May 30 release.
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: Contact: Mr. Hakim Usman, Chairman, Tel: (416)
544-3442, E-mail: firstname.lastname@example.org; Or Mr. Ron Paquet, Vice-President,
(Communications), IRSG, Tel: (416) 440-9848