Bolivar Announces $20 Million Financing.Business Editors TORONTO--(BUSINESS WIRE)--March 21, 2000 Bolivar Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVG BVG Bundesverfassungsgericht (highest German court) BVG Bureau du Vérificateur Général du Canada (auditor general) BVG Best Value Guarantee BVG Berliner Verkehrs Gesellschaft BVG Borrowdale Volcanic Group .) announced today that it has signed an engagement letter with Canaccord Capital (Europe) Ltd. for a Cdn$20.6 million financing. The financing, which is scheduled to close on March 31, 2000, will be offered to investors outside of Canada and the USA and the proceeds will be used by Bolivar to fund its foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my the e-commerce and telecommunications markets. Bolivar will specifically focus on investments involved in broadband business-to-business Internet access, Internet infrastructure and telecommunications in Europe and Latin America. Bolivar is presently analysing prospective business opportunities in Spain, Portugal, Venezuela and Argentina. As a result of Bolivar's successful investment in Wavve Telecommunications, Inc. ("Wavve", CDNX CDNX See Canadian Venture Exchange (CDNX). symbol: WV) and in keeping with Bolivar's investment strategy, Bolivar intends to use up to US$5 million of the proceeds from the financing to invest in Wavve's previously announced private placement for its subsidiary, Wavve Europe Limited. Bolivar continues to hold 10,175,000 shares of Wavve, representing approximately 15% of Wavve's issued and outstanding capital. As previously announced, Bolivar is continuing to seek a purchaser for its Tomi mine in Venezuela. To date, many expressions of interest have been received by Bolivar and these potential suitors are completing their 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. investigations of the mine. Bolivar is confident that it will have something further to announce with regard to the sale of the Tomi mine in the short to medium term. Bolivar Goldfields Ltd. 1 Dundas Street West, Suite 2500 Toronto, Ontario M5G 1Z3 Tel: (416) 955-4554 Fax: (416) 955-1206 NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. |
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