BURNABY, British Columbia, April 3 /PRNewswire/ -- Merlin Software
Technologies International, Inc (OTC Bulletin Board: MLSW), a provider of
Linux based software applications and utilities, today announced that the
Securities and Exchange Commission cleared comments on the Company's Form SB-2
registration statement and that registration statement was declared effective
on Friday, March 29, 2001.
The registration statement qualifies the resale of the shares of the
Company's common stock, that are issuable upon the conversion of certain
convertible notes and the exercise of the share purchase warrants in
connection with a private placement that closed in August, 2000. The
registration statement also qualifies the resale of shares of the Company's
common stock that were issued in earlier private placements.
Under the terms of the private placement which closed on August 24, 2000,
Merlin sold an aggregate of US $2.1 million in Convertible Notes and
1,520,000 Share Purchase Warrants. The Company received $1.1 million on
August 24, 2000 and the balance of $1.0 million is due seven trading days
after the effectiveness of the registration statement with the Securities and
Merlin is a software publishing company that provides Linux, UNIX, Windows
and Mac users with unique Linux based products that dramatically improve
SOURCE Merlin Software Technologies International, Inc.