Continental Closes a $500,000 Financing and Completes the Pre-Feasibility Study in India.Business Editors MONTREAL--(BUSINESS WIRE)--March 15, 2000 CONTINENTAL(ME:CTC CTC - Cornell Theory Center .) Continental Resources is pleased to announce that it has concluded a $500,000 in private financing, of which 3,333,333 common shares will be issued at $0.15 per share, accompanied by one purchase warrant entitling its holder to purchase one common share at a price of $0.20 for a period of 18 months. This financing is subject to regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approval. The bulk of the proceeds will be allocated to complete the pre-feasibility study on the bauxite bauxite (bôk`sīt, bŏk`–), mixture of hydrated aluminum oxides usually containing oxides of iron and silicon in varying quantities. project (Gandhamardan) in India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. over the next six months. |
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