Big Valley Resources Announces $1.2 Million Private Placement.WILLIAMS LAKE Williams Lake is the name of several places: Canada
See Canadian Venture Exchange (CDNX). :BV) announces that subject to Alberta Stock Exchange approval, it will carry out a $1,200,000 non-brokered private placement. The placement will consist of a total of 1,200,000 units at a price of $1.00 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one additional common share at a price of $1.25 within a two year period. Proceeds from the sale of the units will be used as general working capital and to fund expenses related to ongoing financing negotiations. As stated in its May 7, 1998, news release, the Company continues to negotiate with numerous parties with respect to financing the proposed wood hardening hardening, in metallurgy, treatment of metals to increase their resistance to penetration. A metal is harder when it has small grains, which result when the metal is cooled rapidly. and fine veneer veneer (vənēr`), thin leaf of wood applied with glue to a panel or frame of solid wood. The art of veneer developed with early civilization. business as announced on April 24, 1998. The Company also announces that subject to Alberta Stock Exchange approval, it has granted a total of 1,790,000 incentive stock options to Company directors and employees. 1,290,000 options will be reserved for Company directors. 550,000 options will be reserved for employees. All of the options will have an exercise price of $1.00 and will be valid for a period of five years. 160,000 outstanding directors' options have been cancelled. ON BEHALF OF THE BOARD Lloyd Tattersall tat·ter·sall also Tat·ter·sall n. 1. A pattern of dark lines forming squares on a light background. 2. Cloth woven or printed with this pattern. adj. , President -0- Note to Editors: The Alberta Stock Exchange has neither approved or disapproved the information contained herein. CONTACT: Big Valley Resources Inc. Lloyd Tattersall, 250/243-2337 John Enns, 888/677-9677 http://www.bigvalleyres.com |
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