Nstein Announces that Gesca Digital Investments Inc. Intends to Make Private Placement

Sep 11, 2007


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Nstein Technologies Inc., a provider of content management solutions for the publishing, media, and entertainment industries, announced that Gesca Digital Investments Ltd, a subsidiary of Gesca Ltd, has the firm intention of making a $2-million private placement in the company. In exchange for the placement, Nstein will be issuing units priced at $0.85. Each unit will consist of one common share, one-half of one A-tranche share purchase warrant and one-half of one B-tranche share purchase warrant. One whole A-tranche share purchase warrant will entitle its holder to purchase one additional common share of Nstein's share capital at a price of $1.50. One whole B-tranche share purchase warrant will entitle its holder to purchase one additional common share of Nstein's share capital at a price of $2.00. These share purchase warrants will be valid for three years from the date of issue. The total amount of the transaction may exceed $2 million, with an additional investment from the company's employees and other investors over and above that of Gesca Digital Investments Ltd. The transaction is expected to close within 15 days and is subject to customary closing conditions for this type of investment as well as the approval of regulatory authorities.

(www.nstein.com, www.powercorporation.com)