Altavista Mines Inc. - $600,000 Financing for the Santa Anna Project.MONTREAL--(BUSINESS WIRE)--Feb. 27, 1997--ALTAVISTA MINES (ME: AIA AIA - Application Integration Architecture ) Altavista Mines Inc. is pleased to announce that it has closed a $600,000 financing with 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. investors. This private placement consists of the issuance of 500,000 units priced at $1.20 per unit. Each unit consists of one common share and a warrant. Each warrant enables its holder to purchase an additional common share at a price of $1.59 per share for an 18-month period. The proceeds will be used to finance drilling work on the Santa Anna property, located 15 kilometres west of La Sarre in Northwestern Quebec. The results obtained to date demonstrate the strong potential of Zones 8 and 10, which contain several million tonnes of reserves. Altavista's next challenge is to establish the grade of these reserves. Drilling on the Santa Anna property will resume in early March. The program is aimed at delineating the extensions of Zones 8 and 10 at both ends and at depth and testing new targets identified by geology geology, science of the earth's history, composition, and structure, and the associated processes. It draws upon chemistry, biology, physics, astronomy, and mathematics (notably statistics) for support of its formulations. and geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. . CONTACT: AltaVista Mines Inc. Guy Hebert Guy Andre Hebert (born January 7, 1967 in Troy, New York) is a former professional ice hockey goaltender. Always a proud American, he used the French pronunciation of his first and last names because it "sounded better." He played for the St. , 514/ 641-0775 514/ 641-1601 (FAX) altavista@altavistamines.com or AltaVista Mines Inc. Francois Kalos, 514/ 641-0775 514/ 641-1601 (FAX) altavista@altavistamines.com or AltaVista Mines Inc. Roger Desloges, 416/ 368-5115 416/ 925-7881 (FAX) |
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