Clifton Mining Company Completes Share Offering.CALGARY, Alberta--(BUSINESS WIRE)--Feb. 10, 1997-- Clifton Mining (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CFB CFB Canadian Forces Base ) Clifton Mining company ("Clifton" and the "Corporation") is pleased to announce that its offering of 2,800,000 common shares at $0.45 per share for gross aggregate proceeds of $1,260,000 closed on February 6, 1997. The offering was made pursuant to an exchange offering prospectus of the Corporation dated January 17, 1997. The exchange offering prospectus also qualified for distribution of 4,034,808 Common Shares issuable upon the exercise of special warrants. McDermid St. Lawrence Securities Ltd. acted as the agent in the best efforts offering of the common shares. The Corporation is an U.S. company based in Tooele County, Utah For the county in Montana, see Toole County. Tooele County is a county located in the U.S. state of Utah. As of 2000, the population was 40,735 and by 2005 was estimated at 51,311. Its county seat and largest city is Tooele. , USA and is listed on The Alberta Stock Exchange under the symbol "CFB". The Corporation expects trading of its common shares on the Alberta Stock exchange to commence during February 10, 1997. Clifton is a natural resource company with a focus on silver production and by-products of gold and lead. The Corporation holds contiguous mining properties in the Clifton/Gold Hill Mining district near the old townsite A townsite is a legal subdivision of land that is platted for the development of a town or community. In the historical development of the United States, Canada, and other former British colonial nations, the filing of a townsite plat was often the first legal act in the of Gold Hill, approximately 60 miles south of Wendover, Utah Wendover is a city in Tooele County, Utah, United States. The population was 1,537 at the 2000 census. Wendover is on the western border of Utah, and is contiguous with West Wendover, Nevada. Interstate 80 runs through both cities. . The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Clifton Mining Company Mr. William D. Moeller, 801/ 756-1414 |
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