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EXPLORATION BREX HAS SIGNED AN AGENCY AGREEMENT FOR THE SALE OF SPECIAL WARRANTS.


VAL D'OR Val d'Or (väl dôr), town (1991 pop. 23,842), SW Que., Canada, SE of Rouyn-Noranda. It is a mining center. Gold was discovered in the region in 1909; copper, zinc, lead, and molybdenum are also mined. , QUEBEC--(BUSINESS WIRE)--June 27, 1995--Exploration Brex Inc. is pleased to announce that it has signed an agency agreement with Sprott Securities Limited of Toronto for the sale of 7,000,000 special warrants of the corporation at a price of $0.36 per special warrant to raise $2,520,000. Each special warrant will be exchangeable for a unit comprised of one Class "A" share and one half of a Class "A" share purchase warrant. Each whole Class "A" share purchase warrant may be exercised to purchase one Class "A" share at $0.50 for a period of 24 months from the closing date. The transaction is subject to regulatory approval.

The funds raised will be used for immediate exploration on the company's properties, with emphasis placed on its Carlin car·line or car·lin  
n. Scots
A woman, especially an old one.



[Middle English kerling, from Old Norse, from karl, man.]
 Trend property, a 1 square mile property located less than 2 miles west of Newmont's Gold Quarry/Maggie Creek mine, one of the largest producing gold mines in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The property is located within the Carlin "window" at the intersection of three main fault trends (the Carlin Trend, Deep Plate Fault and the Gold Quarry fault). Combined with the favorable fa·vor·a·ble  
adj.
1. Advantageous; helpful: favorable winds.

2. Encouraging; propitious: a favorable diagnosis.

3.
 geology, the presence of favorable geochemical anomalies
''For other uses, see "Anomaly."


Anomalies is Cephalic Carnage's 4th full-length album. It was released on Relapse Records. The group expanded their sound even more than their previous album, Lucid Interval, and gained more popularity.
 on the property and of course the excellent location of this property within the Carlin Trend, in close proximity to a major producing mine and other gold deposits, the property presents significant potential.

The company also plans exploration on its other Nevada holdings and on its Aremu, British Guyana gold project.

The company is very excited with this agreement with Sprott Securities, an independent investment dealer with offices in Montreal, Toronto, Calgary and Vancouver, as it will permit immediate exploration with drilling anticipated on the Carlin property in September of this year.

CONTACT: Exploration Brex Inc.

Michel David Michel David (born in 1951) is a Quebecois journalist. He is in the field since 1978 and is currently columnist for the Montreal newspaper Le Devoir.

David was parliamentary correspondent at the National Assembly of Quebec for Quebec City's Le Soleil
, President

819/825-9065

819/825-1199 (fax) REPEATS: New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 212-575-8822 or 800-221-2462; Boston 617-330-5311 or

80
COPYRIGHT 1995 Business Wire
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 27, 1995
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