New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: Laser who wrote (175)	7/3/1997 7:25:00 PM
From: Laser	of 407

News release: 4m unit private placement; resignation and appointments Blue Ribbon Resources Ltd BLO Shares issued 12,154,612 Jul 2 close $0.16 Thu 3 Jul 97 News Release Mr Martyn Element reports The company will be proceeding with a private placement of up to 4,000,000 units at $0.15. Each unit shall consist of one share and one warrant, which warrant is exercisable for 12 months, for net proceeds of $600,000. Each warrant will entitle the holder to purchase one additional share at $0.15. A finder's fee may be payable. The net proceeds will be used for working capital and for work on the company's Suriname properties. Mr John J. (Jack) DiMarchi has resigned as president and Mr Doug Williamson, a current director, has been appointed as president and CEO. Mr Williamson has had extensive experience working with public companies and the responsibility that goes with such a position. Mr DiMarchi has been appointed as chairman. The company's interest in the Lawa and Oelemari concessions in Suriname are currently being contested. The company is in the process of making an application to the government of Suriname to acquire an interest directly in these concessions. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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