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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Gord Bolton who wrote (2766)3/28/2002 1:18:34 PM
From: marcos  Read Replies (1) of 39344
 
Gord, i'm embarrassed to admit i sold crj, and all of it already, thought i could get it back cheaper, and that was true for a bit but i missed the opportunity so far .... downticking at this moment so time permitting i'll watch it, thinking of sticking in a bid ... here's the news -

' Claude Resources arranges $5-million financing

Claude Resources Inc CRJ
Shares issued 40,553,853 Mar 27 2002 close $1.060
Thursday Mar 28 2002 News Release
Mr. Neil McMillan reports
CLAUDE ENTERS INTO FINANCING ARRANGEMENT
Claude Resources has entered into an agreement with Canaccord Capital
Corporation, under which Canaccord has agreed to purchase five million units at a
price of $1.00 per unit for total gross proceeds of $5-million. Each unit consists of
one common share and one-half of one common share purchase warrant. Each full
warrant is exercisable into one common share at an exercise price of $1.25, one
year from the closing date. The closing date is anticipated to be on or about April
23, 2002.
It is the intention of Claude to use the net proceeds from the issuance of the units
for development of the Seabee mine and for general corporate purposes.
The offering is subject to certain conditions including, but not limited to,
satisfactory due diligence by Canaccord and receipt of all necessary approvals.
(c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com '
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