Cumberland Resources - preliminary prospectus filed.VANCOUVER, Bc--(BUSINESS WIRE)--Nov. 21, 1995--CUMBERLAND RESOURCES(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CBD (Component Based Development) Building applications with components (objects). See component software. CBD - component based development ) Cumberland Resources Ltd. (the "Company") announces that it has filed a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with the Ontario, British Columbia and Alberta Securities Commissions. The Company filed the prospectus to qualify the issuance of up to 2,205,000 shares and 2,205,000 warrants issuable under a special warrant private placement agreement which closed September 28, 1995 and raised a total of $4,200,000. Cumberland Resources is a Canadian mineral company with two emerging gold projects, Meliadine (50 percent) and Meadowbank (60 percent) located in the Northwest Territories. Cumberland recently announced the discovery of nickel-copper-cobalt massive sulphide on its Parker Lake project. Cumberland is also actively exploring for volcanogenic vol·ca·no·gen·ic adj. Of volcanic origin. massive sulphides (VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. ) and diamonds on the Parker Lake Project and for base-metals in Northwestern Ontario. The Company is well funded with in excess of $7.0 million cash for future programs. CUMBERLAND RESOURCES LTD. Glen Dickson President CONTACT: Glen Dickson President or Kerry Curtis Vice President, Corporate Development 604/244-7112 604/244-3996 (Fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion