Daleco Concludes Foreign Placement.LOS ANGELES--(BUSINESS WIRE)--Sept. 12, 1996--DALECO RESOURCES CORP. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : DLOV NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DLOVF) Dov Amir, Chairman of Daleco Resources Corporation announced today that the Company concluded the foreign placement of a $1,310,000 two-year 8 percent Convertible Debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. . The proceeds will be used for working capital and the continuous development of its oil and gas properties. Mr. Amir also said that the Company is negotiating for additional funding in order to accelerate its previously announced re-drilling and workovers program as well as embark on Verb 1. embark on - get off the ground; "Who started this company?"; "We embarked on an exciting enterprise"; "I start my day with a good breakfast"; "We began the new semester"; "The afternoon session begins at 4 PM"; "The blood shed started when the partisans an aggressive acquisition program of oil and gas properties. Daleco's common stock is listed on NASDAQ (DLOVF) and the Canadian Dealing Network (DLOV). CONTACT: Daleco Resources Corporation Dov Amir, 310/282-9999 Gary Novinskie, 610/254-4199 |
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