Dentonia Resources, Ltd. (DTA), Kalimantan gold Message Board

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Gold/Mining/Energy : Dentonia Resources, Ltd. (DTA), Kalimantan gold

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To: Taz who wrote (4)	3/24/1997 9:07:00 PM
From: Truk	of 17

450,000 unit private placement; financing MOU terminated Dentonia Resources Ltd DTA Shares issued 9,457,408 Mar 24 close $0.40 Mon 24 Mar 97 News Release Mr Adolf Petancic reports The company has agreed to sell by way of private placement 450,000 units at $0.30. Each unit consists of one share and one warrant to purchase one share for two years at $0.30 for the first year and at $0.35 for the second. Proceeds of $135,000 will be used for working capital. Since May 17 1996, a memorandum of understanding had been in place, subject to a final agreement, contemplating the sale to the public of 1,000,000 units. This MOU has been terminated. What are the implications of a 30› placement, 35› in 2 years? How does this reflect on the current share price? Thanks in advance. yours truly. Kurt.

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