D'ARIANNE RESOURCES INC. Completes a $50,000 Private Placement With the Cree Mineral Board of Exploration.SAGUENAY, Quebec Saguenay (officially Ville de Saguenay) is a city (2006 population: 143,692) in the Saguenay–Lac-Saint-Jean region of Quebec, Canada, on the Saguenay River, about 200 kilometres (0 mi) north of Quebec City. -- All amounts are expressed in Canadian dollars. The Company ("Arianne") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DAR) is pleased to announce the completion of a $50,000 private placement with the Cree Mineral Board of Exploration (CMBE CMBE Center for Market-Based Education ). This financing from the CMBE follows Arianne's implication in the summer of 2004 with mining exploration in the Opinaca Reservoir area and the resuming of the works in 2005 (see March 31 press release). The Company is pleased to see that the Cree Community is realizing the exceptionnal mining potential that is stored around the Opinaca Reservoir area. This demonstration is no longer necessary since the Eleonore discovery from Virginia Gold Mines. The funds will be used for exploration of the Company's properties in the James Bay area. The placement consists of the issuance of 238,095 units at a price of $0.21 per unit. Each unit including one common share of the Company and one warrant to purchase an additional share of the Company at a price of $0.27. The warrants will be exercisable until May 20, 2007. The shares are subject to a four-month minimum hold period. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. D'ARIANNE RESOURCES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSX VENTURE:DAR) |
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