Columbia Yukon - Financing Completed.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. , British Columbia--(BUSINESS WIRE)--Oct. 1, 1996-- Columbia Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. Yukon Yukon (y  `kŏn), river, c.2,000 mi (3,220 km) long, rising in Atlin Lake, NW British Columbia, Canada, and receiving numerous headwater streams; one of the longest rivers of North America. (Alberta Stock Exchange Alberta Stock ExchangeSee Canadian Venture Exchange (CDNX). CYR CYR Colonia, Uruguay (Airport Code) .) The Company wishes to announce that its previously announced (August 01, 1996) public offering of flow through common shares to raise gross proceeds of $2,000,000 has been completed. The Company completed the private placement of 2,000,000 special warrants at a price of $0.75 per special warrant, raising the Company $1,500,000.00 in gross proceeds. A 7.5 percent commission was paid to the selling agents. Each special warrant consists of one flow through common share and one non-transferable share purchase warrant, exercisable for a period of one year, at a price of $1.00 and will be exercisable into one non-flow-through common share. ON BEHALF OF THE BOARD OF DIRECTORS Michael S. Gustavson Note to Editors: The Alberta Stock Exchange nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. CONTACT: Columbia Yukon Resources Limited Michael S. Gustavson, 604/683-3070 604/683-2308 (FAX) |
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