United Kiev Resources - Equity Funding, Additions to the Board, Change of Name.CALGARY, Alberta--(BUSINESS WIRE)--April 15, 1997--United Kiev(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). UKR.) The Board of United Kiev Resources Inc. ("UKR") are pleased to announce: - FIRST CLOSING OF $2 MILLION PRIVATE PLACEMENT - ELECTION OF CLIVE CLIVE Computer-aided Learning in Veterinary Education. A consortium of six veterinary schools in the United Kingdom providing computer based learning in veterinary undergraduates courses. RICHARDS AND JIM THOMSON James B. Thomson (born December 30, 1965 in Edmonton, Alberta) is a retired Canadian ice hockey player. Selected by the Washington Capitals in the 1984 NHL Entry Draft, Thomson also played for the Hartford Whalers, New Jersey Devils, Los Angeles Kings, Ottawa Senators, and TO THE BOARD - CHANGE OF NAME TO CARPATSKY PETROLEUM INC. United Kiev Resources Inc. announces that it completed a first closing on April 11, 1997 of a private placement in the amount of 10 million units for gross proceeds of US$2.0 million or US$0.20 per unit. The units consist of one share and one share purchase warrant exercisable at a price of US$0.25 per share for a period of two years from the date of closing. A further closing is anticipated before the end of April. The purchasers of this private placement are primarily United Kingdom-based investors. Coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. with this closing UKR also completed the closing of a previously announced private placement to investors 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. of 1,111,108 common shares at a price of US$0.18 per share for gross proceeds of US$200,000. The proceeds from both private placements are to be used in the Company's operations in the Ukraine and for working capital. The Company has also called a Special Meeting of Shareholders for May 20, 1997. At this meeting shareholders will be asked to approve a change in the name of the Company to Carpatsky Petroleum Inc. and to approve an increase in the maximum number of directors to fifteen. In conjunction with the closing of the recent private placement of units, Mr. Clive Richards of London, United Kingdom together with Mr. Jim Thomson, a partner of McManus Thomson, the company's principal attorneys will be appointed to the Board of Directors. Les Texas, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of United Kiev Resources, commenting on these developments, said "I am delighted that the first stage of our development plan has been financed, which together with the expected further closings before the end of April, will enable us to continue our development of the excellent prospects in the Rudovsko-Krasnozavodskoe and Bitkov fields. I welcome both Clive Richards and Jim Thomson to our Board, whose skills in corporate finance and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. will be of great benefit to the company. Our name change reflects more closely the actual field of operation of the Company and identifies with it the interests of investors, management and partners in the host country, Ukraine." -0- THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN CONTACT: United Kiev Resources Inc. Les Texas, 1/256-0660 1/729-9841 (FAX) London, UK or United Kiev Resources Inc. Fred Hofheinz Fred Hofheinz, (born 1938) an attorney in the law firm of Williams, Birnberg & Andersen was mayor of Houston, Texas, from 1974 to 1977. Hofheinz's father, Roy, was mayor of the city in the 1950s. Admitted to bar, 1964, Texas. , 713/524-1745 or United Kiev Resources Inc. Larry Braun, 403/294-0401 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion