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Gold/Mining/Energy : Stealth Mining Corp. [SAL:ASE]
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To: StockPro who wrote (89)9/26/1997 3:14:00 PM
From: StockPro   of 130
 
News Release - Private Placement Completed

Private placement closed

Stealth Mining Corp SAL
Shares issued 7,600,000 Sep 25 close $0.90
Fri 26 Sept 97 News Release
Mr Bradley Jones reports
The company has completed a private placement comprised of 624,000 flow
through shares and 312,000 non-flow through shares at $0.50 per share.
Attached to each flow through shares is a warrant exercisable at $0.65
within the first six months and at $0.80 for the next six months to acquire
a flow through share. Warrants attached to the non-flow through shares are
exercisable on the same terms to acquire non-flow through shares. The
proceeds of $312,000 of flow through funds are to be used on the company's
Pine property. The $156,000 of non-flow through funds are to be used as
additional working capital.
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