Cambior Inc.: Cdn$5.8 Million Private Placement Completed.Business Editors LONGUEUIL Longueuil, city (1991 pop. 129,874), S Que., Canada, on the St. Lawrence River opposite Montreal. It is a residential and industrial suburb of Montreal. It annexed Montreal South in 1961, and merged with the city of Jacques-Cartier in 1969. , Quebec--(BUSINESS WIRE)--Dec. 12, 2001 Cambior Cambior Inc. was a Canadian based international gold producer with operations, development projects and exploration activities in the Americas. Cambior’s shares traded on the Toronto (TSX) and American (AMEX) stock exchanges under the symbol “CBJ”. Inc. (AMEX AMEX See: American Stock Exchange : CBJ CBJ Columbus Blue Jackets (NHL team) CBJ Central Bank of Jordan CBJ Conflict-Directed Backjumping CBJ Circuit Board Jack CBJ Code-Breakers Journal CBJ Class Broker for Java CBJ Color Bubble Jet ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CBJ.) confirms today that it has completed the Cdn$5.8 million private placement of 4,950,000 units (the "Units") at a price of Cdn$1.173 per Unit to Jipangu Inc. announced on October 31, 2001. Each Unit consists of one common share and one common share purchase warrant (a "Warrant") entitling its holder to purchase one additional common share at an exercise price of US$0.833 (Cdn$1.31) per share until November 30, 2002. Proceeds from the private placement will be applied towards the acquisition of Golden Star's 50% interest in the Gross Rosebel property located in Suriname. Jipangu is Cambior's largest shareholder and, with this private placement, increases its holdings to approximately 37.8% of the outstanding common shares of Cambior. Cambior Inc. is an international gold producer with operations, development projects and exploration activities throughout the Americas. Cambior's shares trade on the Toronto (TSE) and American (AMEX) stock exchanges under the symbol "CBJ". |
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