MODERN RECORDS INC. (MZR.V & MDNR.OTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MODERN RECORDS INC. (MZR.V & MDNR.OTC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bcjt who wrote (148)	11/19/1999 6:54:00 PM
From: bcjt	Read Replies (1) of 188

Modern Records to sell 1.35 million units privately Modern Records Inc MZR Shares issued 19,680,000 Nov 17 close $0.93 Thu 18 Nov 99 News Release Mr. Johan Grandin reports Modern Records has agreed to a private placement of 1.35 million units at a price of 75 cents per unit to raise gross proceeds of $1,012,500. Each unit will be comprised of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company for a period of two years at a price of 90 cents per share during the first year and at a price of $1.25 per share during the second year. The units will not be registered in the United States and will be subject to applicable restrictions on transfer under United States Securities laws. On closing the company may pay a finder's fee to an arm's-length party on a portion of the private placement. Closing is subject to regulatory acceptance. The proceeds of the financing will be used for general working capital purposes. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com bcjt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next