RAB Special Situations L.P.

iFuture.com Inc.

March 09, 2005 14:12 ET

RAB Special Situations L.P./iFuture.com Inc.-Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RAB SPECIAL SITUATIONS L.P.

AND IFUTURE.COM INC.

TSX VENTURE SYMBOL: IFU

MARCH 9, 2005 - 14:12 ET

RAB Special Situations L.P./iFuture.com
Inc.-Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - March 9, 2005) - RAB Special
Situations L.P. ("Special Situations") announces that it subscribed for
a total of 1,250,000 units (the "Units") of iFuture.com Inc. (TSX
VENTURE:IFU) (the "Company") at a price of Cdn.$0.60 per Unit (the
"Private Placement"). Each Unit consists of one common share in the
capital of the Company (a "Share") and one-half (1/2) of one Share
purchase warrant (a "Warrant") of the Company. Each whole Warrant
entitles Special Situations to acquire one additional Share of the
Company (a "Warrant Share"), at a price of Cdn.$0.75 per Warrant Share
for a period of twelve (12) months from the Closing. The transaction
took place off the market by way of private placement and closed on
February 25, 2005.

Special Situations has ownership of and control over the securities
purchased in the Private Placement. The purchased securities represent
approximately 10.57% of the issued and outstanding Shares on a partially
diluted basis (assuming exercise of the Warrants) ("Partially Diluted
Basis").

Immediately after the Private Placement, Special Situations owned
1,250,000 Shares and 625,000 Warrants, representing approximately 10.57%
of the issued and outstanding Shares on a Partially Diluted Basis.

Special Situations purchased securities for investment purposes only and
not with the purpose of influencing the control or direction of the
Company. Special Situations together with joint actors, if any, may,
subject to market conditions, make additional investments in or
dispositions of securities of the Company in the future, including
additional purchases of Shares. However, Special Situations and its
joint actors, if any, do not intend to acquire 20% or more of any class
of the outstanding voting or equity securities of the Company.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    RAB Special Situations L.P.
    Mr. Neil Warrender
    (44) 20-7389-7000
    nw@rabcap.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.