Donner Minerals Ltd.: $2.0 Million Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 9, 2004 Mr. David Patterson David Patterson could refer to:
Finder's fees Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. may be payable in cash, shares or warrants with respect to certain private placement subscribers and in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the policies of 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. . Certain shareholders of the Company will be completing in the next two weeks arranged sales of 5 million shares through the facilities of the TSX Venture Exchange. The proceeds from these sales will be used to partially fund the private placement described above. The Company has granted 3,700,000 incentive stock options to certain of its directors, officers and employees, exercisable at a price of $0.20 per common share for a period of two years. The Company has also negotiated the re-pricing of 4,000,000 warrants currently exercisable at $0.44 per share until June 4, 2004 to $0.20 per share for the balance of the term. The terms of the warrants will also be amended, as required under TSX Venture Exchange policy, such that if the trading price Trading price The price at which a security is currently selling. of the Company's shares exceeds $0.25 for ten consecutive trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. , the exercise period will be shortened short·en v. short·ened, short·en·ing, short·ens v.tr. 1. To make short or shorter. 2. to a period of 30 days. All of the above is subject to the approval of the TSX Venture Exchange. ON BEHALF OF THE BOARD OF DONNER MINERALS LTD. David Patterson, Chief Executive Officer The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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