Correction From Source - SEMAFO - Announces the Completion of 10.5 Million Dollars Private Placements.MONTREAL, QUEBEC--(BUSINESS WIRE)--OCTOBER 5, 1995--SEMAFO (ME: SMF (1) (Standard Messaging Format) An electronic mail format for Novell's MHS messaging system. The application puts the data into this format in order to send an e-mail message. ) West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. Mining Exploration Corporation Inc. -SEMAFO is pleased to announce that it has successfully attained its 10.5 million dollars objective, and that, subject to the obtaining of final regulatory approvals, it has completed its private placements totaling 10.5 million dollars with Canadian and European investors. As part of the placements a total of 3,000,000 units are being issued. Each unit comprises one common share and 1/2 common share purchase warrant. Each warrant will entitle the holder to subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; one common share at a price of $5.00 for a period of 12 months. SAMAFO will be using the funds to complete a 2 year exploration program on it's properties in West Africa: Teleku-Bokazo in Ghana, Jean-Gobele in Guinea, Lopal in Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and and Mires also in Burkina Faso. Furthermore, SEMAFO is pleased to announce that Mrs. Louise-Marie Parisien has been appointed to the Board of Directors and that the following nominations have been made: -0- Mr. Jack Gunter President of the Board of Directors Mr. Benoit La Salle President Mr. Robert Talbot Vice-president Mrs. Louise-Marie Parisien Secretary -0- NO REGULATORY AUTHORITY HAS APPROVED NOR DISAPPROVED THE CONTENT OF THIS RELEASE CONTACT: Mr. Benoit La Salle President (514) 747-2414 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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