Canadian Arrow Mines Ltd. Announces Private Placement.TORONTO--(BUSINESS WIRE)--June 17, 1996--CANADIAN ARROW MINES (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :CAML) CANADIAN ARROW The Canadian Arrow is a privately funded rocket and space travel project founded by London, Ontario, Canada entrepreneurs Geoff Sheerin, Dan McKibbon and Chris Corke. The project's objective is to take the first civilians into outer space, on a vertical sub-orbital spaceflight MINES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . announces it has entered into a private placement financing agreement on June 13, 1996 in the principal amount of $150,000 by way of the issue of 500,000 common flow through shares. The financing agreement is subscribed by John Larche, principal shareholder, representing the Larche Trust. It is subject to Regulatory Approval and certain other approvals as it is proposed that more than 50 percent of the shares will be purchased by placees who are non arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. . Proceeds are intended to be used for exploration of the Corporation's Hislop Property, near Timmons, Ontario. The Corporation's annual general meeting of shareholders will be held at Suite 1800, 181 Bay Street in Toronto, Ontario on June 18, 1996 at 2:00 p.m. CONTACT: Canadian Arrow Mines Ltd. John Larche, 705/264-2296 |
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