DOMINION EXPLORERS ENTERED INTO AN AGREEMENT.CALGARY, Alberta--(BUSINESS WIRE)--June 9, 1995--DOMINION EXPLORERS (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DMN DMN Dimension DMN Dimethylnitrosamine (carcinogen) DMN Data Multiplexing Network DMN Defective Material Notice DMN Discrete Memoryless Network DMN Document Management Number DMN Dynamic Mesh Network DMN Digital Milti-Network ) Dominion Explorers Inc. of Calgary announces that it has entered into a best efforts agreement with MacDougall, Meyer Inc. of Montreal to offer as a private placement up to 1,666,666 common shares on a flow-through basis Flow-through basis An account for an investment credit to show all income statement benefits of the credit in the year of acquisition, rather than spreading them over the life of the asset. at a price of $1.20 per share. Proceeds from the offering will be applied to Dominion's 1995 exploration and development program. The company intends to make an election under the Income Tax Act in order that expenditures will qualify as Canadian Exploration Expenditures and therefore eligible for 100 percent income tax deduction status. The transaction is subject to the approval of regulatory authorities. Dominion Explorations Inc. is listed for trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , symbol "DMN". CONTACT: John A. Pope, President, Telephone: (403) 571-1100 Facsimile: (403) 571-1101 or Andrew S. Burgess, Vice-President, Dominion Explorers Inc. 1250 Bow Valley Square III 255 - 5th Avenue S.W. Calgary, Alberta, T2P T2P Type-Two Phaser (Star Trek) T2P Transition to Production (computer systems development) 3G6 |
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