Cornucopia Resources Ltd. announces agreement for best efforts financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 28, 1996-- Cornucopia cornucopia (kôr'ny  kō`pēə), in Greek mythology, magnificent horn that filled itself with whatever meat or drink its owner requested. Resources Ltd. - the Vancouver-based mining group - announces that it has entered into an agreement for a best efforts financing to raise approximately Cdn. $2,616,000 by way of issue of Special Warrants. Under the terms of the offering, Cornucopia will issue a total of 2,180,000 Special Warrants at Cdn. $1.20 per Special Warrant, each Special Warrant exchangeable for one unit comprised of one common share and one-half of a share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional common share at a price of Cdn. $1.50 at any time until May 15, 1998. The funds will be used for general working capital purposes, and closing of this transaction will take place on or about Nov. 14, 1996. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the financing will be placed in escrow pending receipts being received for a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. . If Cornucopia has not obtained such receipts within 75 days of closing, each Special Warrant will, on exercise, be exchangeble for 1.1 units. This financing is subject to regulatory approvals. These securities have not been and will not be registered under the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Cornucopia is listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (CNP (Certified Network Professional) A professional designation and accreditation given to individual IT networking professionals by the Network Professional Association (www.npa.org). ) and is: quoted on the Nasdaq Small-Cap Issuers Market (CNPGF). James M. Carter Executive Vice President Head Office: Suite 540 -355 Burrard St., Vancouver, BC V6C 2G8, Telephone: 604/687-0619, Fax: 604/681-4170 CONTACT: Richard Roy/Dale Paruk Toll-free: 800/436-4404 Shareholder Hotline: 800/558-9035 |
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