Carlin Resources Corp. makes announcement.VANCOUVER--(BUSINESS WIRE)--April 4, 1997--Carlin Resources Corp. announces that its previously announced agreement with Canaccord Capital Corporation for a brokered private placement to raise up to Cdn. $2.5 million by way of issue, of Special Warrants has been revised. Under the terms of the revised offering, Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] will now issue up to 3,846,000 Special Warrants at Cdn. $0.65 per Special Warrant, each Special Warrant exchangeable for one unit comprised of one common share and one-half of a share purchase warrant. Each full share purchase warrant will entitle the holder to purchase one additional common share at a price of Cdn. $0.95 for a period of two years. A commission of 7.5% of the proceeds is payable to the agent, as well as agent's warrants representing 10% of the total number of Special Warrants sold which will be exercisable at the Special Warrant issue price. The agent will also provide ongoing corporate finance advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to Carlin for an additional consideration of up to 400,000 Special Warrants. The funds will be used for exploration on Carlin's existing properties in Ghana and Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and as well as other properties in Africa, and for general working capital. One half of the proceeds from the financing will be placed in escrow pending receipts being received for a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. . Should Carlin not obtain a receipt for the final prospectus by the later of July 31, 1997 or 120 days from closing, the purchasers of the Special Warrants will be entitled to receive 1.1 common shares per Special Warrant at no additional cost. Closing of this transaction will take place on or about April 30, 1997. This financing is subject to regulatory approvals. These securities have not been and will not be registered under the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Securities Act of 1933 and may not be offered or sold in the United States absent registration or an application exemption from registration requirements. Carlin's common shares are listed on The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). (CLM CLM - Career Limiting Move ). CONTACT: James M. Carter, (604) 687-6506 Facsimile: (604) 687-6504 |
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