I found this on the CDNX site, with the date filed being March 17, 2000. But it looks like old news. I have a call into the company but the phone just rings and rings, until a recording comes on and says, "the voice mail box has not been set up".
May 10, 1999 NR#99-1
FOR IMMEDIATE RELEASE
NEWS RELEASE
Planned Private Placement of $600,000
Vancouver, BC - Lexacal Investment Corp. (ASE - LIC) The Company gives notice that pursuant to the Alberta Stock Exchange Circular No. 6, it has made application to the Alberta Stock Exchange seeking price protection to effect a non-brokered private placement of up to 1,500,000 common shares at a price of $0.40 per share. In addition, it is proposed that the private placement include an equal number of share purchase warrants which will be exercisable at $0.40 per share during the first year and at $0.50 per share during the second year, after which time the warrants will expire.
The proceeds will be added to the Company's current cash resources in order to attain a cash balance of a minimum $3.25 million which is projected to be the threshold amount at which a new business activity will be implemented.
The proposed placements will in part be at non-arms length to existing directors. The proposed placements are subject to regulatory approval.
For further information contact:
Robert Chase, President & CEO
Phone (604) 687-5305, Fax (604) 687-5128
The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. |
