Beaver Lake Energy announces private placement completion.CALGARY, Alberta--(BUSINESS WIRE)--Jan. 10, 1996--Beaver Lake Energy (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : BVL BVL bovine viral leukosis. ) -- Beaver Lake Beaver Lake may refer to:
n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan to its previous announcements (April 5, 1995; May 19, 1995; October 3, 1995; and October 23rd) that it has raised and received $600,000 Canadian by way of Private Placement subscriptions. In consideration of the $600,000 Beaver Lake issued 1,200,000 common shares from Treasury at $0.50 each. Saba Petroleum Company, the controlling shareholder of Beaver Lake purchased 1,000,000 of the common shares issued in the Private Placement with the remaining shares being purchased by two other subscribers. The funds raised will be used to implement a drilling program and be added to working capital. -0- NOTE: The Alberta Stock Exchange has neither approved nor disapproved the information set out herein. CONTACT: Beaver Lake Energy, Calgary, Alberta Alex S. Cathcart, 403/269-5550 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 617-236-4266 or 80 |
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