Argosy Mining Corp. Arranges Private Placement.VANCOUVER, BC--(BUSINESS WIRE)--Jan. 19, 1996--Argosy Mining Corp. is pleased to announce that, subject to regulatory approval, it has arranged a private placement of 3,000,000 shares at a price of $0.75 each for proceeds of $2,250,000 with the Emerging Markets Gold Fund. Argosy will issue 2,000,000 non-transferable warrants to Emerging Markets Gold Fund as part of the placement, exerciseable for a two year period at $1.25 into 2,000,000 common shares. The closing of the placement is subject to completion of a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review satisfactory to the board of Emerging Markets Gold Fund within the closing period prescribed by 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). regulations. Following closing Argosy's directors will appoint one Emerging Markets Gold Fund nominee to the Argosy board. The Emerging Markets Gold Fund is a US$75 million fund providing risk capital, technical and legal assistance for the development of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. projects in emerging markets. Principal investors include the IFC (Internet Foundation Classes) A class library from Netscape that provides an application framework and graphical user interface (GUI) routines for Java programmers. IFC was later made part of the Java Foundation Classes (JFC). See JFC, AFC and AWT. See also ICF. , a unit of the World Bank, Rothschild Group, and Pegasus Gold Inc. The Fund is managed by the Castle Group, Inc. of Denver, Colorado. Funds will be used to explore and conduct a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. on the Kremnica gold/silver deposit and to explore the Pukanec gold/silver property, both in the Slovak Republic, Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. . ON BEHALF OF THE BOARD YALE R. SIMPSON, President The Vancouver Stock Exchange has neither approved nor disapproved the contents of this News Release. CONTACT: Argosy Mining Corp. Yale R. Simpson, 604/689-5529, 800-851-7423 or 604/689-5079 (Fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion