proposal from bell ixl

Announced at 6:28pm on Friday afternoon.

16.49c cash return per GLI share leaving 5.10c cash value.

GLI would t/o Bell IXL.

GLI would cap raise $2 600 000 @ 5cps.

GLI would have 261 803 500 shares and $10.6M cash after all is settled. (This is only 4cps).

So basically the offer is 20.49c per share.