Royal International Venture RIL.V (was Labrador Int'l LAB) Message Board

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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB)

LAB 1.210

+1.7%

3:59 PM EST

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To: Robert Kirby who wrote (160)	12/23/1997 7:31:00 PM
From: Flea	Read Replies (1) of 3380

2.7m special warrants at $0.15 Labrador International Mining Ltd LAB Shares issued 10561308 1997-12-22 close $0.19 Tuesday Dec 23 1997 The VSE has accepted for filing a brokered private placement of 2,700,000 special warrants at $0.15. Each special warrant is exercisable, for no additional consideration, into a unit. Each unit consists of one share and one share purchase warrant exercisable for one share. Warrants: For 2,700,000 shares Wt exercise price: $0.15 in year one; $0.20 in year two Placees: Robert Larabie 1,400,000; Scorpio Services Ltd (Barry Lionel Ching) 650,000; and David Baker 650,000 Agent: Union Securities Commission: 5% cash and 500,000 class B warrants entitling Union to purchase 500,000 shares at $0.20 for two years There are no penalty clauses attached to the special warrants.

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