Columbia Yukon Announces Brokered Private Placement.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 24, 1997--Columbia Yukon Resou(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). CYR CYR Colonia, Uruguay (Airport Code) .) Columbia Yukon Resources Ltd. (the "Company") wishes to announce that it is proceeding with a brokered private placement of 2,000,000 special warrants at a price of $0.75 per special warrant. Each special warrant will consist 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 per share, and will be exercisable into one flow-through common share. The Company will be obliged o·blige v. o·bliged, o·blig·ing, o·blig·es v.tr. 1. To constrain by physical, legal, social, or moral means. 2. to use its reasonable best efforts to qualify the securities underlying the special warrants pursuant to a prospectus to be filed in the Provinces of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and Alberta. If final receipts are not provided by the applicable securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities within 180 days of the closing of the private placement, the Company will be subject to a penalty and each special warrant will then entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to 1.1 flow-through common shares and 1.1 flow-through warrants. The private placement will raise gross proceeds of $1,500,000. Proceeds realized from the private placement will be used by the Company to fund additional exploration work on its properties located in Labrador. The Company's special warrants will be sold through Yorkton Securities Inc. as the Company's selling agent. The private placement is subject to regulatory approval. ON BEHALF OF THE BOARD OF DIRECTORS Douglas L. Mason, Director 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 Ltd. Douglas L. Mason, 604/ 683-3070 604/ 683-2308 (FAX) 1-888-888-9122 Canada, 1-888-888-9123 USA http://www.columbia-yukon.com/columbia-yukon/ |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion