Canadian Crew Energy Corp. - Private Placement Announced.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , BC--(BUSINESS WIRE)--Nov. 21, 1995--Canadian Crew Energy Corp. announces that it has arranged a private placement for $1,440,000 through the sale of 1,500,000 Units, at $0.96 per Unit. Each Unit consists of one share and one share purchase warrant, each warrant entitling the placee to purchase one additional share at a price of $1.20 per share for a period of two years. Crew Holdings Ltd., a company controlled by John Darch and Gerald Wright, the President and Secretary of Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Crew Energy Corp., respectively, is the placee. The placement will be subject to the approval of the Canadian Crew Energy Corp. shareholders. The proceeds of the private placement will be used to fund the ongoing exploration at the South Meager mea·ger also mea·gre adj. 1. Deficient in quantity, fullness, or extent; scanty. 2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain. 3. geothermal ge·o·ther·mal also ge·o·ther·mic adj. Of or relating to the internal heat of the earth. ge resource project being undertaken by Pacific GeoPower near Pemberton, British Columbia Pemberton is a village north of Whistler in the Pemberton Valley and has a population of 2,204. Until the 1960s the village could be accessed only by train but that changed when Highway 99 was built through Whistler (then named Alta Lake) and Pemberton. . John M. Darch President CONTACT: John M. Darch, (604) 683-7585 1-800-444-9284 (US Toll Free) (604) 662-3180 (Fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion