Crew Development Corp: C$8.4 Million Private Placement Funded.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--April 25, 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) ) Further to our News Release of April 11, 2000, Crew Development Corporation ("Crew") is pleased to announce the successful funding of a C$8.4 million private placement with Norwegian institutional and private investors, comprised of 7.4 million shares at C$1.14 per share. The proceeds are being primarily utilized to fund the development of, and increased ownership position in, the Company's high-grade Nalunaq gold project in Greenland, together with the final feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. of Crew's substantial Mindoro nickel laterite laterite Soil layer rich in iron oxide and sometimes aluminum, derived from a wide variety of rocks by leaching. It forms in tropical and subtropical regions where the climate is humid. project in the Philippines. John M. Darch, President and C.E.O. This news release was prepared by the Board of Directors on behalf of Crew Development Corp., which is solely responsible for its contents. |
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