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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)
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To: gg cox who wrote (765)1/9/2003 7:30:06 PM
From: Al Collard  Read Replies (2) of 960
 
Capital Alliance closes convertible debenture financing

Thu 9 Jan 2003

News Release

Mr. Toby Chu reports

PRIVATE PLACEMENT COMPLETED
Capital Alliance Group has closed, effective Dec. 30, 2002, the
non-brokered private placement of one-year convertible debentures, first
reported in Stockwatch on Nov. 28, 2002, raising gross proceeds of
$925,000. The debentures are convertible during the last six months of the
term into units consisting of one common share and one common share
purchase warrant at 30 cents per unit. Each share purchase warrant will
entitle the holder to purchase one common share at a price of 36 cents
during the term of the debentures. The securities are subject to a hold
period expiring on April 30, 2003. Finders' fees totalling $19,300 (U.S.)
are payable in connection with this private placement.
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