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Gold/Mining/Energy : Tappit Resources Ltd ( TPT )
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To: D. Bryan who wrote (9)10/19/1999 8:38:00 AM
From: David Michaud  Read Replies (1) of 15
 
Tappit proposes private placement
Tappit Resources Ltd TPT
Shares issued 46,315,532 1999-10-15 close $0.38
Monday Oct 18 1999

Mr. David Owen reports
Tappit Resources proposes to issue to insiders, non-arm's-length and arm's-length subscribers in Alberta, Saskatchewan and Manitoba up to 3,825,000 common shares on a flow-through basis by way of private placement at a price of 40 cents per common share for proceeds of up to $1.53-million.
Tappit is seeking protection of the issuance price from the Alberta Stock Exchange and will file an application within 14 calendar days of this press release. The issuance price for the private placement was determined by Tappit in accordance with the minimum pricing requirements of the ASE. No investment dealer, broker or agent will participate in this private placement.
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