Cusac Gold Mines Ltd.: Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 21, 2002 Guilford H. Brett, Director, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CUSIF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CQC) reports that the company has arranged a 1,000,000 unit private placement financing at $0.15 per unit, subject to regulatory approval. Each unit consists of one common share and one warrant to purchase an additional common share at $0.17 in the first year and $0.20 in the second year. Of the 1,000,000 units, 500,000 are tax deductible "flow-through" units. The flow-through funds will be used for exploration of the Company's 100% owned Table Mountain Gold Mine in Northern BC while the balance of the funds will be added to working capital. CUSAC GOLD Guilford H. Brett, Director, President & CEO The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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