Canada Southern Petroleum (CSPLF/CSW) Message Board

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Gold/Mining/Energy : Canada Southern Petroleum (CSPLF/CSW)

CSW 295.46

+0.7%

3:59 PM EST

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To: PHILLIP FLOTOW who wrote (897)	9/25/2000 11:46:26 AM
From: PHILLIP FLOTOW	Read Replies (1) of 911

09/25 10:54A Canada Southern Board OKs Sale Of Added Ltd Voting Shrs Canada Southern/Offering -2: Hasn't Set Terms CALGARY (Dow Jones)--Canada Southern Petroleum Ltd.'s (CSPLF) board approved the sale of additional limited voting shares. In a press release Monday, the company said it hasn't determined the number of shares to be offered, the price per share and other terms of the offering yet. However, the company expects to issue transferable rights to its shareholders. Canada Southern filed a registration statement with the U.S. Securities and Exchange Commission in connection with the proposed offering Monday. The company plans to use proceeds of the offering for general corporate purposes, including working capital, exploration and development and the continuation of the Kotaneelee litigation. Canada Southern has about 14.3 million limited voting shares outstanding. This is the company's sole class of stock, of which 100 million shares are authorized. -In Kyung Kim; Dow Jones Newswires PHIL

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