Bradner Resources -- Private Placement of 200,000 Units for Gross Proceeds of $70,000.VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 24, 1996--Bradner Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :BRD (Blue-Ray Disc) See Blu-ray. .) announces that, subject to regulatory approval, it has arranged a private placement of 200,000 Units at a price per Unit of $0.35, for gross proceeds of $70,000. Each Unit shall consist of one common share of the company and one share purchase warrant to purchase an additional common share of the company at a price of $0.35 per share in the first year and $0.40 in the second year. The warrants are exercisable up to two years from the date of issuance. The common shares and warrants issued at closing will be subject to a one-year hold period in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the policies of 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). and the applicable securities law. There is no finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. payable and the proceeds of the private placement will be used for working capital and general corporate purposes. -0- BRADNER RESOURCES LTD. Michael Levinson Chairman of the Board -0- The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. CONTACT: Bradner Resources Ltd. Michael Levinson, 604/682-0588, (fax) 604/682-0537 |
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