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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (9984)	3/25/2002 3:40:30 PM
From: Frank Pembleton	Read Replies (1) of 36161

TVX Gold Announces CDN$75 Million Equity Offering Toronto, Ontario Stock Symbol: Exchange TVX:TSE, TVX:NYSE TVX Gold Inc. (``TVX'') is pleased to announce today that it has entered into an agreement with a syndicate of underwriters lead by BMO Nesbitt Burns Inc. and including Griffiths McBurney & Partners, Canaccord Capital Corp., Scotia Capital Inc., TD Securities Inc. and Sprott Securities Inc. (the ``Syndicate''), under which the Syndicate has agreed to purchase 71.5 million Common Shares of TVX at a price of CDN$1.05 for aggregate proceeds of CDN$75,075,000. The closing date is anticipated to be on or about April 12, 2002. It is the intention of TVX to use the net proceeds from the issuance of the Common Shares for general corporate purposes. biz.yahoo.com

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