Bradner Resources Ltd. Closing Of $52,500 Private Placement.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 15, 1996-- BRADNER 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 : BRD (Blue-Ray Disc) See Blu-ray. ) announces that the private placement announced October 24, 1996 for 200,000 Units at a price per Unit of $0.35 has completed with respect to 150,000 Units for gross proceeds of $52,500. Each Unit consists of one common share and a non-transferable warrant to acquire an additional share, exercisable for a period of two years from closing of the private placement at a price of $0.35 in the first year and $0.40 in the second. The common shares and warrants issued pursuant to the proposed private placement are subject to a one-year hold period in accordance 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 was 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. BRADNER RESOURCES LTD. Michael Levinson Chairman of the Board 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, 604/682-3234 604/682-0537 (FAX) |
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