KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Check who wrote (3098)	6/18/1999 2:38:00 PM
From: grayhairs	Read Replies (2) of 15703

Kookaburra Resources Ltd KOB Shares issued 17,414,136 1999-06-17 close $1.07 Friday Jun 18 1999 Mr. Graeme Robinson reports The company's rights offering closed on June 17, 1999, and 2,004,786 common shares were issued to raise $1,804,307. The offering was 91.57 per cent subscribed. This is an excellent result considering that the offering was not backstopped and that distribution of rights to many jurisdictions, including the United States and United Kingdom, was not allowed by the applicable securities legislation. The directors thank shareholders for their support and believe that this support will be amply rewarded by results from the current and forthcoming drill programs at East Lost Hills. At the company's annual general meeting hold June 15, 1999, Graeme Robinson, Don Rotherham and Nick DeMare were elected as directors for the ensuing year. At a subsequent directors meeting, Mr. Robinson was appointed president and chief executive officer and Robert Rasmussen was appointed corporate secretary. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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