Braddick Resources Ltd. - Private Placement.TORONTO--(BUSINESS WIRE)--April 1, 1996--BRADDICK RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (VSE See DOS/VSE. VSE - Virtual Storage Extended :BRO bro n. pl. bros Slang 1. A brother. 2. Friend; pal. Used as a form of familiar address for a man or boy: So long, bro. ) The Company announces that it has negotiated a private placement of 1,323,000 units at a price of $0.50 per unit. Each unit consists of one share and one warrant. Each warrant is exercisable at $0.50 the first year and $0.60 the second year. 500,000 units are flow through and a finders fee in shares for a portion of financing is payable to two individuals. The Company plans to use the proceeds on its Schefferville and Timmins gold projects and on exploration in central Norway Central Norway (Norwegian: Midt-Norge (bokmål); Midt-Noreg (nynorsk)) is an administrative division that includes the counties of Nord-Trøndelag, Sør-Trøndelag and Møre og Romsdal and is used by, for example, the Regional Health . The Company is pleased to announce that Randy Peaker has accepted the position of manager of corporate development effective March 27th. Mr Peaker has extensive experience in the brokerage and financial industry. Subject to regulatory approvals the company has granted stock options to directors and employees to purchase 310,000 shares of the company at $0.50 per share for a five year period. -0- NOTE TO EDITORS: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept the responsibility for the adequacy or accuracy of this press release. CONTACT: Braddick Resources Ltd. Derek Bartlett, President, 416/864-1456 416/947-0807 (Fax) |
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