Cornucopia announces private placement.VANCOUVER, British Columbia--(BUSINESS WIRE)--March 12, 1997-- Cornucopia cornucopia (kôr'ny  kō`pēə), in Greek mythology, magnificent horn that filled itself with whatever meat or drink its owner requested. Resources Ltd. announces a private placement of 1.1 million Special Warrants with one investor at a subscription price of Cdn. $1.00 per Special Warrant, for a total of Cdn. $1.1 million. Each Special Warrant will be exchangeable for one Unit, comprised of one common share of Cornucopia and one common share purchase warrant. Each 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 one additional common share at a price of Cdn. $1.25 during the twelve months after closing. The full amount of the subscription funds for the private placement will be released to Cornucopia upon closing. Cornucopia has agreed to use its best efforts to file 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. to qualify the exchange of Special Warrants for Units within 120 days of the closing date, failing which the exchange rate shall be adjusted so that each Special Warrant will be exchangeable for 1.1 Units. This private placement is subject to all required regulatory approval and acceptances. 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). Andrew F.B. Milligan President CONTACT: Richard Roy/Dale Paruk, 800/436-4404 |
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