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Gold/Mining/Energy : ARCTIC GROUP AGP-ase now at $1.10
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To: Ice-Man who wrote (23)11/11/1997 1:15:00 PM
From: Ice-Man  Read Replies (1) of 26
 
Company Update

The Arctic Group Inc. today announced that, in addition to $6 million convertible debenture announced last week, the Company has arranged with RoyNat Inc. to provide a further $5 million through a debenture credit facility.

Funding is scheduled on or about November 30th, 1997.

Arctic Group President and CEO, Robert Nagy stated that, "these recent financings, totaling $11 million, reflect the growing confidence both lenders and investors are showing in the Arctic Group's management and strategic plans."

The Arctic Group Inc. is one of Canada's largest ice companies with manufacturing and distribution centres in all four Western Canadian Provinces.

The Arctic Group Inc. is committed to building an internationally recognized ice company by focusing on an aggressive strategy of growth through acquisition and consolidation of the ice industry.

(Signed) On behalf of the Management and the Board of Directors of The Arctic Group Inc., Robert
Nagy, President & CEO.

The Alberta Stock Exchange has not reviewed and does not approve or disapprove of the adequacy
or accuracy of this release.

Aren't there any other investors out there reading this thread??? The warrents go up by 50% and no one says a word? Come on lurkers and post.
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