fin-info.com
1998-04-13 ÿÿ(provided courtesy of Canadian Corporate News.)
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Regal Goldfields Limited - Rights Offering Completed
TORONTO, ONTARIO--Regal Goldfields Limited announces that it has
completed a rights offering for gross proceeds of $368,531. Regal
now has 14,290,029 common shares and 2,000,000 special warrants
outstanding. The special warrants are exercisable into 2,000,000
common shares and 1,000,000 common share purchase warrants within
six business days after a receipt is issued by the Ontario
Securities Commission for a final prospectus qualifying such
common shares and warrants, or on June 23, 1999, whichever is
earlier. Each common share purchase warrant entitles the holder
to acquire one common share in the capital of Regal at an exercise
price of $0.20 per common share at any time on or before December
23, 1999.
Regal is engaged in exploration for and development of mineral
properties in Canada. It currently has active exploration
programs in northwestern Cape Breton Island, Nova Scotia, and Kidd
Township in Timmins, Ontario.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Regal Goldfields Limited
Richard Brissenden
President
(416) 364-1130
(416) 364-6745 (FAX)
E-mail: regalgld@interlog.com
NO REGULATORY AUTHORITIES OR SIMILAR BODIES HAVE APPROVED OR
DISAPPROVED THE INFORMATION CONTAINED HEREIN. |
