Canhorn Chemical Corporation - US $150,000 Private Placement Completed.TORONTO--(BUSINESS WIRE)--June 30, 1998--Canhorn Chemical Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNH CNH Carteira Nacional de Habilitação CNH Centro Nacional de Huracanes (Spanish) CNH California Nevada Hawaii (a district of Kiwanis International) CNH Club Náutico Hacoaj .) ("CanChem") said today that it has completed the previously announced sale of 300,000 common shares by way of a private placement at US$0.50 per share. The private placement was subscribed for by a European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. investor. The proceeds of the private placement totalled US$150,000 and will be used as additional working capital for the increasing operations of CanChem's wholly owned specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. subsidiary, Riba Corporation.
CONTACT: Canhorn Chemical Corporation
Peter J. Fass, 212/949-4141
or
Canhorn Chemical Corporation
Michael D. Coulter, 416/368-3332
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