Consolidated Magna - $750,000 Private Placement Financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--March 24, 1997-- Consolidated Magna (VSE See DOS/VSE. VSE - Virtual Storage Extended :CMV CMV cytomegalovirus. CMV abbr. 1. controlled mechanical ventilation 2. cytomegalovirus Cytomegalovirus (CMV) ) Consolidated Magna Ventures Ltd. is pleased to announce a private placement of 1,103,000 units at $0.68. Each unit will consist of one common share of the Company and one- half share purchase warrant. Each whole warrant will 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 purchase an additional share for a period of one year at a price of $0.68. A Finder's Fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. is payable on a portion of the placement. The proceeds of approximately $750,000 will be added to general working capital. Consolidated Magna Ventures Ltd. is a growth-oriented mineral exploration company 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). (Symbol - CMV.VSE). ON BEHALF OF THE BOARD OF DIRECTORS CONSOLIDATED MAGNA VENTURES LTD. Stewart L. Lockwood, Director The Vancouver Stock Exchange neither approves nor disapproves the contents of this news release which was prepared solely at the discretion of management. CONTACT: Consolidated Magna Ventures Ltd. Julie Hunter, 604/ 685-9700 |
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