CORRECTION FROM SOURCE -- Bema Gold Corp. announces an unwritten $9.8 million special warrant financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 15, 1995-- Bema Gold Corporation (VSE See DOS/VSE. VSE - Virtual Storage Extended , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : BGO BGO Bismuth Germanate BGO Baguio City (Philippines) BGO Blinding Glimpse of the Obvious BGO Bergen, Norway - Flesland (Airport Code) BGO Blue and Gold Officer (United States Naval Academy) ) announces that it has reached an agreement on a private placement issue of 3.5 million special warrants at a price of $2.80 per special warrant for gross proceeds of $9.8 million. This financing is underwritten by a Canadian investment dealer. Each special warrant will be exchanged into units comprised of one common share and one share purchase warrant. Two share purchase warrants entitle the holder to purchase one additional share of Bema Gold for one year at $3.25 per share. This financing is subject to the Company filing a short form preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders within six business days. The proceeds of this financing will be used to fund final feasibility work on the Cerro Casale Deposit on the Aldebaran Property in Northern Chile (49 percent Bema Gold/51 percent Arizona Star Resource Corp.) and for general corporate purposes. This financing is subject to regulatory approval. The special warrants and the shares and warrants issuable on exercise thereof have not been registered under the US Securities Act of 1933 as amended. Such securities may not be offered or sold in the United States or to US person in the absence of such registration or an exemption there from. -0- NOTE: The Vancouver and Toronto Stock Exchanges neither approve nor disapprove the information contained in this News Release. Bema Gold Corporation trades on the Vancouver, Toronto and American Stock Exchanges This is a list of American stock exchanges. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term Bolsa de Valores, meaning 'bag' or 'purse' of 'values'. , symbol BGO. CONTACT: Bema Gold Corporation, Vancouver Clive T. Johnson, 604/681-8371; 604/681-6209 (fax) INDUSTRY KEYWORD: MINING REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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