Archangel Diamond Corporation - Private Placement Financing.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , BC--(BUSINESS WIRE)--Sept. 14, 1995--The Company is pleased to announce that it has arranged a private placement of 3,375,000 shares at a price of $0.80 per share to raise a total of $2,700,000. The majority of shares have been placed with two offshore funds, one an Asia Pacific fund and the other a global emerging market fund. No commissions are payable. The private placement is subject to the approval of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . The funds raised will be used to fund the Company's ongoing bulk sampling and exploration work on its two diamond joint ventures in the Province of Arkhangelsk Arkhangelsk (ərkhän`gĭlsk) or Archangel (ärk`ān'jəl), city (1990 est. 418,000), NW European Russia, on the Northern Dvina near its mouth at the White Sea. , in north west Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). , as well as for general working capital and new projects review. ON BEHALF OF THE BOARD Tony Grist, President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Bill Trenaman, Corporate Development 604/687-4452, 604/685-9317 (Fax), (Vancouver Office) or Andrew Malim, Executive Director 011-44-171-591-0509, 011-44-171-591-0511 (Fax), (London Office) REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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