Champion Bear Resources Updates Stock Activity.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Aug. 29, 1996--Champion Bear Resources Ltd. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CBA See Capital Builder Account. ) (the "Corporation") announces that it has reserved a price of $3.00 per share for the issuance of up to 900,000 shares to be issued on either a flow-through or non-flow-through basis. The Corporation is seeking to raise gross proceeds of up to $2,700,000 to be expended ex·pend tr.v. ex·pend·ed, ex·pend·ing, ex·pends 1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend. 2. principally on its ongoing drill program on the Plomp Farm prospect located 20 miles west of Dryden, Ontario Dryden (2006 population 8,195) is the second largest city in the Kenora District of Northwestern Ontario, Canada located on Wabigoon Lake. It is currently the smallest community in the province of Ontario designated as a city. . The Corporation proposes to drill an additional thirty holes during its next exploration phase, at a budgeted cost of approximately $1,500,000. Thirteen of the holes are designed to test the down dip potential of three higher grade trends within the Main Zone. Six holes are intended to test the shallow part of the Main Zone and the North Zone under Ardis Lake. Ten additional holes are planned at fifty meter spacing in the area of the higher grade material previously found around Hole PF-30. One hole will test the Eastern Extension at moderate depth. The private placement is being conducted without an agent and pursuant to statutory exemptions under the Securities Act. The ability of the Corporation to conduct the next planned phase of its drill program will depend upon the success of the Corporation in raising funds under the proposed private placement. To date, approximately $750,000 has been advanced by subscribers. If funds are raised in excess of the budgeted amount for the Plomp Farm program then such funds are intended to be applied towards exploration work on the Corporation's Fisher Lake prospect located 38 kilometres southeast of the Plomp Farm prospect. CONTACT: Champion Bear Resources Ltd. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Kantor, 403/229-9522 |
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