Sikaman Gold Resources Ltd. - company update.TORONTO--(BUSINESS WIRE)--March 6, 1997--Sikaman Gold Resources Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SKG SKG Stichting Kwaliteit Gevelbouw (Dutch) SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios) SKG Thessaloniki, Greece - Thessaloniki (Airport Code) SKG Smith and Kraus Global .) Sikaman Shareholders Approve Acquisition of Kildonan Inc. and Related Matters Sikaman Gold Resources Ltd. (TSE:SKG.) announces that shareholders of Sikaman have approved of the acquisition by Sikaman of 100 percent of Kildonan Inc. At closing, Kildonan's sole asset will be 99.99 percent of Minera Portree de Zacatecas, S.A. de C.V., a private Mexican corporation engaged in the acquisition and exploration of mineral properties. Minera Portree owns eight mineral projects comprising approximately 16,600 acres located in the State of Zacatecas in North Central Mexico. Sikaman has agreed to acquire Kildonan for a purchase price of $25,000,000 to be satisfied by the payment of $3,000,000 cash and the issuance of common shares and warrants of Sikaman in a number calculated according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a formula that, in the event that Sikaman's rights offering is fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of , will equal 49 percent of the outstanding common shares and warrants on a fully diluted basis. Rights Offering Expires March 7, 1997 Sikaman's rights offering by prospectus of rights to subscribe for units, each unit comprised of one common share and common share purchase warrant expires at 4:00 p.m. on Friday, March 7, 1997. Each right entitles the holder to purchase one unit at a price of $0.75 per unit. Each whole warrant will entitle the holder to acquire one common share at a price of $0.08 per share on or before March 8, 1999. If fully subscribed, the rights offering will raise gross proceeds of $9,987,685. Croesus Emerging Market Resources Fund, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Croesus Capital Associates (Bahamas) and Croesus - EMTR EMTR Emitter EMTR Effective Marginal Tax Rate EMTR Electronic Modular Test Rig Fund S.A. have committed to subscribe for 20,000,000 units for gross proceeds of $1,500,000. Registrants Entitled To Commission Sikaman has agreed to pay to registrants a commission of 3 percent of the subscription price per unit for each accepted subscription procured by registrant. Equity Transfer Services Inc. has been appointed subscription agent. Registrants may obtain commission entitlement and subscription procurement documentation from Equity Transfer. CONTACT: Sikaman Gold Resources Ltd. A. Thomas D Thomas D. (born Thomas Dürr, December 30 1968 in Ditzingen close to Stuttgart, Germany) is a rapper in the German hip hop group Die Fantastischen Vier. He frequently works on solo projects. Life After finishing Realschule he took on an apprenticeship as a barber. . Griffis, 416/867-9087 or Equity Transfer Services Inc. Dave Lomas, 416/361-0152 |
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