Yamana Files Final Prospectus For Convertible Debenture Financing.SPOKANE, Wash.--(BUSINESS WIRE)--July 14, 1998--Yamana Resources(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :YRI YRI Yum Restaurants International (Dallas, TX) YRI Yaw Rate Indicator (aviation) YRI You Recall Incorrectly (chat) .) Yamana Resources Inc. announces that it has filed the final short-form prospectus with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. in connection with an offering of between US$3 million and US$6 million in 8 percent, 5-year, Senior Secured Convertible Notes and between 2,727,000 and 5,454,000 Warrants to purchase Common Shares in the Company. The offering is being conducted on a best-efforts basis best-efforts basis 1. An agreement by an investment banker to do its best to oversee but not guarantee the sale of a security issue in the primary market. See also underwriter. 2. by the agents and is expected to be completed within a week. The convertible notes, warrants and the common shares issuable upon conversion or exercise thereof have not been and will not be registered under the U.S. Securities Act of 1933, or any state securities law, and may not be offered or sold in the United States or to U.S. persons unless registered or exemptions from registration are available. Proceeds from this issue will be added to current cash reserves and used to fund the Company's exploration operations, especiallyin western Santa Cruz Province Santa Cruz Province may refer to
Yamana Resources Inc. is a Canadian exploration company holding interests in projects in Argentina, Chile, Paraguay, Papua New Guinea Papua New Guinea (păp` ə, –y ,
Indonesia, and Washington state.
CONTACT: Yamana Resources Inc.
Greg W. Taylor, 509/838-6615
509/838-0714 (FAX)
gwtaylor@yamana.com
http://www.yamana.com
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