Silver Recovery -- Itronics (ITRO) Message Board

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Gold/Mining/Energy : Silver Recovery -- Itronics (ITRO)

ITRO 0.0001000

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Oct 31 9:30 AM EST

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To: KipferlMeister who wrote ()	3/31/1998 7:39:00 AM
From: KipferlMeister	Read Replies (1) of 361

**NEWS: PLACEMENT** Itronics Announces Proposed Private Placement RENO, Nev.--(BUSINESS WIRE)--March 31, 1998--Itronics Inc. (ITRO) announced today that it proposes to make an offering of securities not registered or required to be registered under the Securities Act of 1933, as amended (the ''Act''). The offering will be made only to purchasers who are ''accredited investors'' as defined under Regulation D of the Act. Itronics is proposing to offer and sell $2,000,000 of units in 4 tranches, each tranche consisting of Common Stock and Common Stock Warrants. Each tranche will total $500,000 and be priced dependent on market conditions at the time of offering. There is no minimum number of units required to be sold in any of the 4 tranches. Proceeds from the financing will be utilized for moving and permitting requirements related to the new manufacturing facility, for the purchase option on that facility and for general corporate purposes. The securities offered will not be registered under the Act and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements. Itronics Inc. is a Reno-based company specializing in recycling technology development, photobyproduct recycling, silver refining, and technical services for the mining and recycling industries. Contact: Whitney & Whitney John W. Whitney, 702/689-7696

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