The world is unfolding for Vulcan-- News release today--
Vulcan Minerals Inc.
VUL ASE
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January 6, 1998
Private Placements
ST. JOHN'S, Nfld., Jan. 6 /CNW/ - Vulcan Minerals Inc. (the company, ASE:VUL) announces that it has closed a private placement of 480,000 common shares at $0.25 on a flow through tax basis with a warrant attached to purchase an additional share for each warrant at $0.60 for one year. The gross proceeds of $120,000.00 will be used for petroleum exploration in western Newfoundland. As well, pursuant to a notice filed on December 17, 1997, the company has received conditional approval from the Alberta Stock Exchange for another private placement
of 400,000 shares at $0.25 with a warrant attached to purchase an additional share for each warrant at $0.60 for one year. The placement is anticipated to close shortly. The gross proceeds of $100,000.00 are to be used for petroleum exploration in western Newfoundland and working capital.
The Alberta Stock Exchange neither approves nor disapproves of the information contained herein.
For further information: Mr. Patrick Laracy, President of Vulcan Minerals Inc., Tel: (709) 754-3186; Fax: (709) 754-3946; E-mail: laracy(at)thezone.net;
Website: info-mine.com
Wiil Respond further when I have more Bob.
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Cyber Rock |
