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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
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To: average joe who wrote (7938)5/2/2002 3:38:45 PM
From: Al Collard   of 11802
 
IEA-v...in the news:

Int'l Arimex arranges $120,000 financing

Thu 2 May 2002

News Release

An anonymous director reports
International Arimex Resources has arranged, subject to regulatory
approval, a private placement of 1.2 million units at a price of 10 cents
per unit, for total proceeds of $120,000. Each unit will consist of one
common share in the capital of the company, together with one
non-transferable share purchase warrant. Each warrant will entitle the
subscriber to purchase an additional common share at a price of 10 cents
for a period of one year from closing.
The proceeds of the private placement will be used to acquire the Sturgeon
mineral claim and the Gull and Candle Lake mineral properties described in
the company's news release in Stockwatch on April 30, 2002, and to reduce
the company's indebtedness.
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