Electra Mining -- private placement.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , B.C.--(BUSINESS WIRE)--Dec. 13, 1994--Electra Mining Consolidated Ltd. announces a private placement of 200,000 common shares at $1.00 per share with warrants entitling the purchase of a further 100,000 common shares within two years, at a price of $1.00 per share for purchases within the next year and $1.15 per share thereafter. The placement will be with Aur Resources Aur Resources Inc. (TSX: AUR) is a Toronto, Ontario, Canada, based, international mining company active in the acquisition, exploration, development and mining of mineral properties. Inc. as to 150,000 shares and with a director of the company as to 50,000 shares. It is subject to regulatory approval and the closing of the previously announced transaction under which Electra will acquire the shares of Minerex Resources (US) Inc., its 50% co-venturer in the Aurora Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. Partnership gold mine, located near Hawthorne, Nevada Hawthorne is a census-designated place (CDP) in Mineral County, Nevada, United States. The population was 3,311 at the 2000 census. It is the county seat of Mineral CountyGR6. The nearby Hawthorne Army Depot is the primary economic base of the town. . -0- ON BEHALF OF THE BOARD Douglas B. Stelling President -0- The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. CONTACT: Electra Mining, Vancouver Douglas B. Stelling, 604/685-4747 |
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