VANCOUVER, British Columbia, March 22, 2000 (PRIMEZONE) -- clipclop.com Enterprises Inc. (OTCBB:CLOPF) announced that it has arranged a private placement of up to 4.0 million units (US$2,000,000). Each Unit, at a price of US$0.50 per Unit, consists of 1 common share without par value in the capital of the Company (a "Common Share") and one-half of one whole non-transferable share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one additional common share (a "Warrant Share") without par value in the capital of the Company for up to three years from March 22, 2000, at a price of US$0.65. The funds will be used to further develop and market the Company's clipclop.com web site. The Units are not offered for sale in the United States and may not be sold, pledged or transferred in the United States or to a US person. The Company will pay appropriate finder fees.
clipclop.com Chairman John Henry said "this very important funding will allow us to accelerate our marketing program, intensify our campaign to establish the clipclop.com brand and make us more attractive to highly skilled technical and management candidates. We are currently meeting our time-line development targets for North America and we can now expect to expand our horizons to include Europe, South America and Australia in our site deployment plans."