Hi jamie,
Your in with KBC-v @$.30 for 33,333 shares.
Chart for Cons Beacon Resources Ltd. (KBC-v):
stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]
Since KBC is a lightly traded stock I will skip trying to get a read on it and post the news release for this stock from Friday afternoon.
Good luck next week with this pick,
Al
Cons Beacon plans private placement
Consolidated Beacon Resources Ltd KBC
Shares issued 11,522,551 Mar 22 close $0.29
Fri 23 Mar 2001 News Release
Mr. Vernon Gerlitz reports
Consolidated Beacon is proposing a private placement with three
shareholders whereby such shareholders will sell a total of 1.3 million
common shares of the corporation through the facilities of the Canadian
Venture Exchange, and will then purchase an equivalent number of units of
the corporation at no less than 29 cents per share. The purchase price paid
by such shareholders for the units will be equal to the net proceeds
realized from the sale of their common shares through the facilities of the
Canadian Venture Exchange. Each unit will consist of one common share and
one common share purchase warrant entitling the holder thereof to purchase
one common share at 29 cents per share at any time prior to 4:30 p.m.
(Calgary time) on the date that is two years from the issuance of the
warrants. The common shares and warrants, which comprise the units, will be
subject to a one-year hold period under applicable securities legislation.
As a result of these sales, the proportion of ownership of the corporation
by such shareholders will be substantially unchanged by the private
placement.
The proceeds from the private placement will be used by the corporation in
respect of capital expenditures by the corporation's wholly owned
subsidiary, Elliott Industrial Petroleum Ltd., the corporation's seismic
program in respect of its lands in Nova Scotia and for new project
financing. |
