Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 322.80

+0.5%

Dec 4 4:00 PM EST

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To: TrueScouse who wrote (452)	11/18/1997 11:48:00 AM
From: Francis R. Biscan Jr.	Read Replies (3) of 1285

>>, could you summarize again the amount and terms of the financing that Cadre is seeking? << As much as possible in the least dilutive way possible for current shareholders. ! They are trying to raise, as a bare minimum, enough to complete the Bateman study, or $500,000 U.S. A better amount would be at least 3 million, or enough to purchase Calessi, and pay for the Bateman study out of cash flow. Anything beyond that amount would be benificial, as long as it does not dilute to a further degree. ( If it ends up being some kind of equity financing, I would not want anymore than say, 4 million.) Their desire is to try and finance this in some sort of debt financing way. If this is the route we go, I would be happy with 10 million or more. Rich ( Also waiting patiently )

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