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Gold/Mining/Energy : International Riley Resources (V.IRR)
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To: Chuca Marsh who wrote (128)2/27/1998 6:35:00 AM
From: Zardoz  Read Replies (1) of 136
 
New director; 1.5m unit private placement

International Riley Resources Ltd
IRR
Shares issued 2394130
1998-02-25 close $0.31
Thursday Feb 26 1998
Mr Robert Paul reports
Mr Mitch Adam has been appointed a director of the company.
Mr Paul also reports
The company has negotiated a brokered private placement of up to
1.5 million flow through units at $0.25. Each flow through unit will
consist of one flow through share and one flow through share
purchase warrant to purchase an additional flow through share at
$0.25 in the first year and at $0.30 in the second. A commission of
10% in agent's units will be paid to the agent. The agent's units
contain the same terms as the flow through units except that they
will be non-flow through. Proceeds will be used for qualified
expenditures on the company's Canadian exploration projects.
(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com
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