Correcting...RetransmissionRet ransmission - Treminco Resources - Private Placement Completed.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Jan. 7, 1997-- Treminco Resources L(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). TMO TMO T-Mobile TMO The Mac Observer (website) TMO Timeout (Hekimian) TMO Tenant Management Organisation (UK) TMO Toprak Mahsulleri Ofisi .) Treminco Resources Ltd. is pleased to announce that on December 31, 1996 it completed a Private Placement announced November 4, 1996. The gross proceeds from the fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of private placement are $2,265,000, consisting of 1,263,637 Flowthrough shares priced at $1.10 per share, 100,000 Flowthrough shares priced at $1.25 per share to an insider, and 750,000 Units priced at $1.00 per share. Each Unit consists of one common share and one-half of a non-transferable share purchase warrant. One full warrant can be exercised for one common share at an exercise price of $1.25 for a period of one year from the closing of the placement. The Flowthrough portion of the funds will be used for upcoming drill programs on the Company's Yellowknife Greenstone Belt Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies. properties in the Northwest Territories. In other news, the Company has completed its initial diamond drilling program on its 100 percent owned El Magistral mag·is·tral adj. Prepared as specified by a physician's prescription. Used of medicine. Property, Sinaloa State, Mexico. Assaying is currently being performed, and results will be released as they become available. -0- Treminco Resources Ltd.'s shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release. CONTACT: Treminco Resources Ltd. Bill Iversen, 604/ 687-4450 http://www.interchg.ubc.ca/treminco e-mail: treminco@alumni.ubc.ca |
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