St. Jude Resources......V.SJD Message Board

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Gold/Mining/Energy : St. Jude Resources......V.SJD

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To: Fishfinder who wrote (2953)	2/12/2002 11:28:18 PM
From: AH	Read Replies (1) of 3065

This is outrageous!!! St. Jude agrees to 3.1 million unit placement St Jude Resources Ltd SJD Shares issued 14,696,188 Feb 12 close $0.28 Tue 12 Feb 2002 Mr. Michael Terrell reports ST. JUDE RESOURCES LTD.: CORPORATE UPDATE St. Jude Resources has agreed to a private placement of 3.1 million units at 21 cents per unit. Each unit consists of one share and a two-year non-transferrable share purchase warrant, exercisable for one additional share in the first and second years at 28 cents. The proceeds from this private placement will be used to continue exploration on the company's gold projects in Ghana and for potential resource project acquisitions. No finder's fee will be paid. Furthermore, the company has cancelled its existing directors and employee incentive stock options and, subject to all regulatory approvals, new directors and employee stock options have been issued, the particulars of which are as follows: Type of Number of Exercise option shares price Directors 880,000 $0.21 Employees 580,000 $0.21 Options are to be granted on Feb. 21, 2002, and expire on Feb. 12, 2007.

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