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January 6, 1997updated 05 Sep 2016 1:02pm

SHARE & BOND ISSUES: GLOBAL TELECOMMUNICATION SOLUTIONS

By CBR Staff Writer

Global Telecommunication Solutions Inc, Elmont, New Jersey telephone services provider has raised $3m with the sale of notes in a private placing. The notes pay no interest but buyers also get warrants to buy 3m shares of Global shares at $2.50 a share for five years. Net proceeds of about $2.8m will be used for working capital, the company said.

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