SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Regal GOldfields (REGL -- Cdn over the counter)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Buckey who wrote (301)11/28/1997 12:18:00 AM
From: Brian Warner   of 370
 
192.139.81.46

FOR FURTHER INFORMATION PLEASE CONTACT:
Regal Goldfields Limited
Richard Brissenden
President
(416) 364-1130
(416) 364-6745 (FAX)
NO REGULATORY AUTHORITIES OR SIMILAR BODIES HAVE APPROVED OR
DISAPPROVED THE INFORMATION CONTAINED HEREIN.

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: REGAL GOLDFIELDS LIMITED

CANADIAN DEALING NETWORK SYMBOL: REGL

NOVEMBER 26, 1997

Regal Goldfields Limited Company Update

TORONTO, ONTARIO--Regal Goldfields Limited announces that it has
approved, subject to regulatory approval, a private placement for
the sale of 2,500,000 flow through special warrants (the "Flow
Through Special Warrants") at a price of $0.16 per Flow Through
Special Warrant.

The holders of Flow Through Special Warrants are entitled to
receive, upon exchange thereof and without payment of any
consideration in addition to the purchase price therefor, one
common share of the Company for each Flow Through Special Warrant
held.

The Flow Through Special Warrants will be exercisable at any time
prior to 5:00 p.m. (Toronto time) on the date (the "Expiry Date")
which is the earlier of:

(i) six business days after a receipt is issued by the Ontario
Securities Commission for a prospectus qualifying the issuance of
the common shares to be issued upon exchange of the Flow Through
Special Warrants; and

(ii) the date which is eighteen months following the date of
closing.

Any Flow Through Special Warrants not exercised prior to 5:00 p.m.
(Toronto time) on the Expiry Date shall be deemed to have been
exercised immediately prior thereto.

Total gross proceeds from the offering will be $400,000. Closing
of the offering, which is subject to regulatory approval, is
anticipated to occur on or before December 15, 1997.

The Company presently has 10,563,643 common shares outstanding.

The proceeds of the offering will be used for the Company's
exploration program on its Cheticamp properties located on Cape
Breton Island in Nova Scotia.

-30-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News