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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST

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To: griz who wrote (351)1/11/2000 7:28:00 PM
From: bcjt  Read Replies (1) of 407
 
New Blue Ribbon closes flow-through offering
New Blue Ribbon Resources Ltd NBL
Shares issued 7,994,812 2000-01-06 close $0.34
Friday Jan 7 2000

Mr. Larry Kryska reports
The company has closed the flow-through offering reported in Stockwatch Oct. 25, 1999, and Nov. 26, 1999. The company has sold a total of two million units at a price of 20 cents per unit for gross proceeds of $400,000 before the exercise of any warrants. The units of the placement will consist of one common flow-through share and one non-transferable share purchase warrant. Each two of such warrants will entitle the holder thereof to purchase one additional common share of the company at a price of 20 cents per share over a period of one year. If the warrants are subsequently exercised, the company will receive additional gross proceeds of $200,000. The net proceeds will be used by the company for exploration work on its Alberta properties, including the Pelican Mountain and LIttle Legend properties.

(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

bcjt
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