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CARSON GOLD CORP. ARRANGES A $12.89 MILLION DOLLAR SPECIAL WARRANT PRIVATE PLACEMENT LED BY BURNS FRY INC.

 VANCOUVER, British Columbia, Dec. 13 /PRNewswire/ -- Eric V. Friedland, chairman and chief executive officer, announced that the Carson Gold Corp. (Vancouver: CQG) has arranged a $12.89 million dollar Special Warrant private placement with Burns Fry Inc., who will act as lead broker, First Marathon Securities Ltd., and Yorkton Securities Inc.
 The private placement will consist of 3,035,000 Special Warrants at $4.25 per Special Warrant. Each Special Warrant entitles the holder to acquire one unit in the capital of the company for no additional consideration. Each unit consists of one share and one two-year, non- transferable share purchase warrant. The share purchase warrant will entitle the holder to purchase one common share of the company at a price of $4.25 for the first year from closing and $5.00 for the second year. Closing is scheduled to occur on Dec. 22, 1993, and a commission of 5 percent is payable on this transaction. This private placement is subject to regulatory approval.
 The common shares of Carson Gold Corp. trade on the Vancouver Stock Exchange under the symbol "CQG."
 -0- 12/13/93
 /CONTACT: Eric V. Friedland, chairman & CEO, 604-669-8871/
 (CQG.)


CO: Carson Gold Corp. ST: British Columbia IN: MNG SU:

JL -- LA021 -- 3222 12/13/93 13:57 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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