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Gold/Mining/Energy : Stanford Oil & Gas (SOG was STB)

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To: johnlag who wrote (160)	11/19/1998 2:31:00 PM
From: Flea	of 196

1m special warrant financing Stanford Oil & Gas Ltd SOG Shares issued 12,982,959 1998-11-18 close $0.67 Thursday Nov 19 1998 Mr. Nick DeMare reports The company has arranged a non-brokered financing of 1,000,000 special warrants at 67 cents. Each special warrant shall convert into a unit consisting of one share and one warrant. Each warrant will entitle the holder to purchase an additional share at 67 cents in year one and 77 cents in year two. The company has also arranged a non-brokered convertible debenture financing to raise up to $1,800,000. The debentures will be secured by a general charge over the assets of the company, bear interest at 9.0 per cent per year, payable quarterly, and be convertible into shares of the company at an exercise price of 67 cents during the first 12 months and 77 for the next six months. The funds from these financings will be used for the company's continuing oil and gas exploration and development programs and general working capital. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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