Crew Development Announces Ownership Of Mindex ASA Increased To 97.7%; $4 Million Private Placement Completed.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 29, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRU.) (FRANKFURT:KNC KNC Knowledge Navigation Center KNC Kensey Nash Corporation KNC Kawan Ng Cordero (Philippines: Flock of Lamb) ) Crew Development Corp. is pleased to announce that, further to its News Release of January 18, 2000, the Company has acquired a total of 97.7% of the shares of Mindex ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , as a result of the recent mandatory offer to the Mindex shareholders. It is Crew's intention to acquire the balance of the Mindex shares under the terms of the Norwegian Norwegian associated in some way with Norway. Norwegian buhund, Norwegian sheepdog a medium-sized (26-40 lb), spitz-type dog with a short, dense coat in wheaten, black, red or sable, sometimes with black markings on the face, ears Company Act, and to de-list Mindex from the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. . The Company is also pleased to announce, further to the News Release of February 29, 2000, the successful completion of a $4 million private placement, with two major international institutions who were already significant shareholders of Crew, the proceeds of which will primarily be used to accelerate the Company's Greenland gold and Philippine nickel-cobalt projects. The placement comprised 3.2 million units at a price of $1.25 per unit, comprising one share and one warrant, which is exercisable at $1.50 for a period of 12 months. John M. Darch, President and C.E.O. |
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