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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Famularo who wrote (284)11/8/2002 3:45:31 PM
From: Famularo  Read Replies (1) of 16205
 
Darnley Bay arranges $20,000 flow-through financing

Darnley Bay Resources Ltd DBL
Shares issued 29,759,747 Nov 7 close $0.10
Fri 8 Nov 2002 News Release
Mr. Leon La Prairie reports
Darnley Bay Resources has negotiated, subject to regulatory acceptance, a private placement of 200,000 units at the price of 10 cents per unit. Each unit will consist of one flow-through common share and one share purchase
warrant, with each warrant to entitle the holder to purchase one
flow-through common share at a price of 25 cents up to March 31, 2003. The proceeds of this private placement will be used for working capital.
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