Brilliant Announces Proposed Private Placement.EDMONTON, Alberta -- Brilliant Mining Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. ) (the "Corporation") today announced that it will be offering on a non-brokered private placement basis (the "Offering") an aggregate of 2,500,000 units ("Units") at a price of $0.10 per Unit. Each Unit will consist of one common share of the Corporation ("Common Share") and one non-transferable share purchase warrant ("Warrant"), which will entitle the holder to acquire an additional Common Share at a price of $0.20 at any time within two years of issuance. Insiders of the Corporation may participate in the Offering. If the Offering is fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of , the Corporation will receive gross proceeds of $250,000, which will be used for property acquisitions, working capital and corporate purposes. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. Brilliant Mining Corp. (TSX VENTURE:BMC) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion