Agau Announces Intention to Issue Shares Under a Private Placement and Grant Options for Purchase of Shares.EDMONTON Edmonton (ĕd`məntən), city (1991 pop. 616,741), provincial capital, central Alta., Canada, on the North Saskatchewan River. The center of the largest metropolitan area in Alberta, Edmonton, known as the "Gateway to the North," is located , Alberta--(BUSINESS WIRE)--June 4, 1998--Agau Resources Inc. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :AGS AGS American Geriatrics Society. .) ("Agau") announces it intends to issue up to 1,000,000 units at $0.55 per unit by way of a private placement. Each unit consists of one common share and one share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $1.25 on or before two years from the date of issue. The price per unit was determined based on market price less applicable discount. It is expected a portion of the shares will be "flow through shares", allowing the investor to utilize the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Exploration Expenditures for tax purposes. Funds will be utilized for ongoing exploration expenditures and for general operations of the company. Agau also announces it intends to grant options for the purchase of 819,000 common shares at a price of $0.60 per share to directors and to other parties who are, or will be, providing services to the company. The exercise priceof the stock options was determined based on the market price. The proposed granting of stock options and private placement is subject to regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approval and Agau is required to file a formal application within 14 calender CALENDER. An almanac. Julius Caesar ordained that the Roman year should consist of 365 days, except every fourth year, which should contain 366, the additional day to be reckoned by counting the twenty-fourth day of February (which was the 6th of the calends of March) twice. days of this press release. Subject to regulatory approval, the application will be made using expedited filing proceedures. Agau is a Canadian mineral exploration company based in Edmonton with a listing on The Alberta Stock Exchange. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
CONTACT: Agau Resources, Inc.
Einar Myrholm, 403/413-9392
agau@planet.eon.net
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