Bio-American Capital Corp. Announces Completion of $750,000 Financing.Energy Editors/Business Editors PENTICTON, British Columbia--(BUSINESS WIRE)--April 1, 2004 Bio-American Capital Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIOA BIOA British and Irish Ombudsman Association ) announced receipt of US$750,000 in proceeds in a private placement from an accredited investor Accredited Investor A term used by the Securities and Exchange Commission (SEC) under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by certain government filings. Also known as "qualified purchaser". . The Company sold 150,000 shares of restricted common stock at five dollars per share and issued 150,000 warrants to purchase 150,000 shares at an exercise price of $7.50 per share. The warrants will expire on March 29, 2006, if not exercised. The offer and sale of the 150,000 shares and warrants was made in reliance upon the provisions of the United States Securities Act of 1933, as amended. "This transaction gives our company general working capital for the immediate future as we prepare our plans for future energy exploration," said Ted Kozub, President of Bio-American Capital Corp. "We are very pleased with our progress to date and expect to announce additional developments soon." Bio-American Capital Corp. through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Cheetah Oil and Gas Ltd. is actively engaged in acquiring high quality oil and gas properties in Papua New Guinea Papua New Guinea (păp`  ə, –y . Disclaimer: The Company relies upon the safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , competition and other factors which may be identified from time to time in the Company's public announcements. |
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