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 : A CANADIAN DIAMOND HUNT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Pakstas who wrote (214)2/5/1998 10:02:00 AM
From: Famularo  Read Replies (1) of 930
 
Financing agreement entered into

Vulcan Minerals Inc VUL
Shares issued 8,639,500 Feb 3 close $0.33
Thu 5 Feb 98 News Release
Mr Patrick Laracy reports
The company has negotiated a financing agreement with Yorkton Securities
whereby Yorkton will seek to raise by way of exchange offering prospectus
$1,050,000 with an option to raise up to $1,207,500. It is anticipated that
the EOP will be filed by March 31 1998 and will offer units consisting of
one share and one series A warrant. Each series A warrant would be
exercisable for 12 months from date of issue at a price equal to the
offering price of the units. The price of the units will be in the context
of the market at the time of filing. The agent will be entitled to a
commission of 7.5% of gross proceeds and be entitled to warrants equal to
15% of the units sold. The broker warrants would have the same terms as the
series A warrants. Proceeds are to be used for diamond exploration in
Alberta and petroleum exploration onshore western Newfoundland.
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