Jarvis announces $500,000 private placement.LIVELY, Ontario--(BUSINESS WIRE)--June 15, 1995--Jarvis Resources Ltd. announces a brokered private placement of 675,676 common shares of Jarvis Resources Ltd., at a price of $0.74 per common share. A finder's fee 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. of $35,000 will be payable, and the private placement is subject to regulatory approval. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). will be used for general corporate purposes. The average trading price Trading price The price at which a security is currently selling. of the company's shares for the preceding ten trading days is $0.80. Jarvis manufactures marble and limestone tiles, slabs, and fireplace surrounds, made of stone quarried in Ontario. The company operates its own quarries, and also purchases blocks from other quarriers. Located in Sudbury, the automated factory is the only marble tile line in Canada, and the only one on this continent to manufacture marble tiles up to 24" x 24" in size. For the year ended May 1995, the company shipped approximately 84,000 square feet of product, compared with approximately 16,000 square feet for the previous year. Jarvis continues to establish key distributors in its primary market, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In Canada, the company has arranged distribution of two colours through CIOT Marble & Granite Inc., a company with 40 years' experience in dimension stone. As the only integrated marble quarrier/processor in North America with an expanding colour portfolio, the company's strategy is to capture a share of the $300 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. marble import market by serving North America from North America. For further information, please contact the company at 705-682-2606, or write to 106 Fielding Road, Lively, Ontario, Canada, P3Y 1L5. 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 accuracy of the information contained herein. CONTACT: Jarvis Resources Ltd., (705) 682-2606 |
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