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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Bearcatbob who wrote (11918)9/18/2000 11:17:01 PM
From: davo  Read Replies (2) of 15703
 
Looks like little ole XEN got some more KOB:

Kookaburra Resources Ltd. - Financing with Xenolith Gold Limited

TSE Symbol: KOB

VANCOUVER, Sept. 18 /CNW/ - The Company has arranged, subject to
regulatory approvals, a non-brokered private placement financing of $600,000,
10% three year unsecured convertible debentures, convertible into units at
$1.20. Each debenture is convertible into a share and a warrant with two
warrants entitling the holder to purchase an additional share for a period of
two years from conversion. The placee is Xenolith Gold Limited, an insider of
the Company owning greater than 10% of the issued and outstanding shares.
The funds raised will be used to fund the Company's share of the
aggressive exploration and development program at East Lost Hills, California.

On Behalf of the Board

"Graeme Robinson"
--------------------------
Graeme Robinson, President
-0- 09/18/2000
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