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Published on 12/13/2004 in the Prospect News PIPE Daily.

New Issue: Mindready Solutions receives C$1.9 million in private placement of shares

By Sheri Kasprzak

Atlanta, Dec. 13 - Mindready Solutions Inc. said Monday it has raised C$1.9 million from a private placement.

On Dec. 10, about 1 million shares of Mindready were sold at C$1.90 each by 4173422 Canada Inc., Mindready's controlling shareholder. On Dec. 2, 4173422 Canada sold another 1 million shares at C$1.90 each.

Mindready is a Montreal-based supplier of test and embedded systems for the aerospace and defense, automotive and telecommunications industries.

Issuer:Mindready Solutions Inc.
Issue:Stock
Amount:C$1.9 million
Shares:1 million
Price:C$1.90
Warrants:No
Announcement date:Dec. 13
Settlement date:Dec. 10
Stock price:C$1.75 at close Dec. 10

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