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Exhibit 99.2
This is a form of a material change report required under Section 85(1) of the
Securities Act and Section 151 of the Securities Rules.
FORM 27
SECURITIES ACT
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
NOTE: This form is intended as a guideline. A letter or other document may
be used if the substantive requirements of this form are complied
with.
NOTE: Every report required to be filed under Section 85(1) of the Act shall
be sent to the Commission in an envelope addressed to the Commission
and marked "Continuous Disclosure".
NOTE: WHERE THIS REPORT IS FILED ON A CONFIDENTIAL BASIS PUT AT THE
BEGINNING OF THE REPORT IN BLOCK CAPITALS "CONFIDENTIAL -- SECTION
85", AND EVERYTHING THAT IS REQUIRED TO BE FILED SHALL BE PLACED IN AN
ENVELOPE ADDRESSED TO THE SECRETARY OF THE COMMISSION MARKED
"CONFIDENTIAL".
Item 1. Reporting Issuer
WSI Interactive Corp.
Item 2. Date of Material Change
June 23, 2000
Item 3. Press Release
The press release was issued on June 23, 2000 and disseminated through
Stock Watch, Market News and George Cross News Letter.
Item 4. Summary of Material Change
WSi is pleased to announce a private placement of 2.1 million units at
$0.73 per unit to raise $1,533,000 in gross proceeds for working
capital purposes.
Item 5. Full Description of Material Change
WSi is pleased to announce a private placement of 2.1 million units at
$0.73 per unit to raise $1,533,000 in gross proceeds for working
capital purposes. Each unit shall consist of one share and one warrant
to buy one share for $0.91 for a period
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of two years. The private placement is subject to regulatory approval.
A finder's fee will be payable in respect of part of the placement.
Management anticipates that the placement will close by June 30, 2000.
Item 6. Reliance on Section 85(2) of the Act
Nothing in this form is required to be maintained on a confidential
basis.
Item 7. Omitted Information
Not applicable.
Item 8. Senior Officer
James L. Harris, Secretary
Telephone No. (604) 609-3068
Item 9. Statement of Senior Officer
The foregoing accurately discloses the material change referred to
herein.
DATED this 23rd day of June, 2000 WSI Interactive Corp.
By: /s/ James L. Harris
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James L. Harris
Secretary
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(Official Capacity)
