Warrants (Canada & USA)

[Buckey]

Those IW warrants were IW.WT.C and IW.WT.S both strike prices under .30


well and as I was posting there was news
Infowave Software completes reorganization


Infowave Software Inc (TSX:IW)
Shares Issued 241,790,955
Last Close 1/21/2005 $0.09
Monday January 24 2005 - News Release

Ms. Lori-Ann Robb reports

INFOWAVE SOFTWARE RAISES CDN$5.45 MILLION THROUGH CORPORATE REORGANIZATION

Infowave Software Inc., a leading provider of enterprise mobile applications (EMA), has completed the corporate reorganization involving the company and 0698500 B.C. Ltd. (the investor), previously announced in Stockwatch on Nov. 19, 2004. Under the reorganization, pursuant to a plan of arrangement (the first arrangement) involving Infowave and a new company (Newco), holders of Infowave shares, warrants and options received shares, warrants and options of Newco in exchange for their Infowave securities on a 1:1 basis, resulting in Infowave becoming a wholly owned subsidiary of Newco. Following the first arrangement, Infowave transferred all of its assets to Newco. After the transfer of assets, the investor acquired a majority equity interest in Infowave by paying $5.45-million to Newco for the Infowave shares held by Newco.

Newco, under the name "Infowave Software Inc.," will continue to carry on the mobile software business carried on by Infowave prior to the reorganization, but will have the benefit of the additional $5.45-million in non-dilutive capital. The board and management of Infowave will continue in the same capacity with Newco.

"This transaction represents a real win for Infowave and its shareholders," said Jerry Meerkatz, Infowave's president and chief executive officer. "Industry analysts and Infowave's strategic partners are excited regarding the prospects for the mobile software industry in 2005. By raising $5.45-million in non-dilutive capital for our mobile software business, Infowave is now strongly funded and well positioned to capitalize on our market opportunity."

Following completion of these transactions under a second plan of arrangement (the second arrangement), which will become effective Jan. 28, 2005, shares of another new corporation, called Coopers Park Real Estate Corp., are to be distributed to the shareholders of Newco (now called Infowave Software Inc.). As a result, shareholders of Infowave will receive a controlling voting interest and a minority equity interest in Coopers Park.

Coopers Park has made an application to the TSX Venture Exchange to list its voting shares on this exchange, but this application has not yet been accepted by the exchange. Unless the application is accepted, there may not be a published market for the shares. Certificates representing the voting shares of Coopers Park are to be distributed to the shareholders of Infowave entitled thereto shortly after Jan. 28, 2005.

The first plan of arrangement was approved by a majority of the securityholders of Infowave at a meeting of such securityholders, and the second plan of arrangement was approved by a majority of the shareholders of Infowave at a subsequent meeting of shareholders.

Coopers Park has entered into an agreement with Concord Pacific Group Inc. to purchase sites at Concord Pacific Place in Vancouver, B.C., upon which three residential condominium buildings (containing a total of 309 residential condominium units) are to be constructed. The purchase of these sites was approved by the shareholders of Infowave (now also the shareholders of Coopers Park) at the meeting of shareholders of Infowave held on Jan. 17, 2005. Marketing of the condominium units and construction of the buildings are expected to commence in mid-2005 and the buildings are expected to be completed in mid-2007.

Terence Hui of Vancouver, B.C., is the president and chief executive officer of Coopers Park and the indirect owner of a minority voting interest and a majority equity interest in Coopers Park. Mr. Hui is also the president and chief executive officer of Concord Pacific Group Inc.

© 2005 Canjex Publishing Ltd.