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HARISTON CORP. ANNOUNCES PRIVATE PLACEMENT

 VANCOUVER, British Columbia, Jan. 15 /PRNewswire/ -- Hariston Corp. (NASDAQ: HRSNF) (the "company") announced that it has entered into a private placement to sell 803,255 units at $4.30 per unit. Each unit shall consist of one share of the company and one non- transferable share purchase warrant granting the holder thereof the right to purchase one additional share:
 -- At a price of $4.30 in the first year; and
 -- At a price of $5 per share in the second year.
 All references to funds herein are in Canadian dollars.
 A commission of 10 percent will be paid on the private placement. The funds to be received from the private placement will be used for working capital and potential acquisitions.
 -0- 1/15/93
 /CONTACT: William B. Sharp, president of Hariston, 604-224-4323/
 (HRSNF)


CO: Hariston Corp. ST: British Columbia IN: SU:

KJ -- LA029 -- 5548 01/15/93 17:03 EST
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Publication:PR Newswire
Date:Jan 15, 1993
Words:150
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