BEMA GOLD CORPORATION ANNOUNCES AN UNWRITTEN $9.8 MILLION SPECIAL WARRANT FINANCING.VANCOUVER, BC--(BUSINESS WIRE)--Aug. 15, 1995-- Bema Gold Bema Gold Corporation is a Vancouver, British Columbia based intermediate gold producer with operating mines and development projects in Russia, South Africa, Chile and Canada. Corporation announces that it has reached an agreement on a private placement issue of $9.8 million special warrants, underwritten by a Canadian investment dealer. Each special warrant will be exchanged into units comprised of one common share on one share purchase warrant. Two share purchase warrants entitle the holder to purchase one additional share of Bema Gold for one year at $3.25 per share. This financing is subject to the Company filing a short form preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders within six business days. The proceeds of this financing will be used to fund a Final Feasibility Program on the Cerro Casale Deposit on the Aldebaran Property in Northern Chile (49 percent Bema Gold/51 percent Arizona Star Resource Corp.) and for general corporate purposes. This financing is subject to regulatory approval. The special warrants and the shares and warrants issuable on exercise thereof have not been registered under the US Securities Act of 1933 as amended. Such securities may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or to US person in the absence of such registration or an exemption there from. -0- EDITORS' NOTE: The Vancouver and Toronto Stock Exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. neither approve nor disapprove the information contained in this News Release. Bema Gold Corporation trades on the Vancouver, Toronto and American Stock Exchanges This is a list of American stock exchanges. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term Bolsa de Valores, meaning 'bag' or 'purse' of 'values'. , symbol BGO BGO Bismuth Germanate BGO Baguio City (Philippines) BGO Blinding Glimpse of the Obvious BGO Bergen, Norway - Flesland (Airport Code) BGO Blue and Gold Officer (United States Naval Academy) . On Behalf of BEMA GOLD CORPORATION Clive T. Johnson President CONTACT: Clive T. Johnson, (604) 681-8371 (604) 681-6209 Fax |
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