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Gold/Mining/Energy : Champion Resources - CHL.vse
CHL 27.510.0%Sep 27 5:00 PM EST
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To: DAVID BENNETT who wrote (56)9/20/1999 2:42:00 PM
From: rdww   of 176
 
closure on the PP - hopeully they don't wait till nov to start warming up the stock.

Champion completes private placement

Champion Resources Inc CHL
Shares issued 24,184,440 Sep 17 close $0.89
Mon 20 Sept 99 News Release
Mr. Michael McInnis reports
Champion Resources has now closed its recently announced private placement
of one million units at the price of $1.05 per unit. Each unit consists of
one share and one warrant, and each two warrants entitle the holder to
purchase one additional share of the company at the price of $1.20 per
share for the first year and $1.35 per share for the second year, until
July 9, 2001. The shares, warrants and any shares issued upon exercise of
the warrants are subject to a hold period and may not be traded in British
Columbia until Nov. 9, 1999, except as permitted by the Securities Act and
the rules made thereunder and the Vancouver Stock Exchange.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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