Capital Alliance (CPT)

[pritz]

Subscription Proceeds

Just signed my Subscription agreement and sent it back to Union...

Net Proceeds

Amount raised 1,5000,000
Selling commissions and fees $125,000
Estimated offering costs (legal, accounting) $20,000
Net Proceeds $1,355,000

Use of Net Proceeds

To CIBT for campus expansion $600,000

For general working capital purposes $755,000