V.S.E. Notice
Private Placement-Non-Brokered
The Vancouver Stock Exchange has accepted for filing documentation with respect to a Non-Brokered Private
Placement announced May 23, 1997:
Number of Shares: 1,781,250 shares
Purchase Price: $0.16 per share
Warrants: 1,718,250 non-transferable share purchase warrants to purchase
1,781,250 shares
Warrant Exercise Price: $0.25 for a one year period
Placees: John Campbell 625,000
Hansa Bank and Trust Company Limited 562,500
Ernest K. Cucheran 263,345
Ronald Winkelaar 93,750
N. Desmond Smith 236,655
Finder's Fee: Greybrook Capital Corp. $26,825.00
These securities have not yet been issued. The Company shall issue a news release if the private placement does not
close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they
are less than the maximum permitted term.
Several insiders took down private placement stock higher than it is trading right now. |
