Thought you'd be interested in some FACTS:
BusinessWire, Tuesday, April 21, 1998 at 18:30
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 21, 1998--
JABA Inc.(Alberta Stock Exchange:JBA.) Subject to Alberta Stock
Exchange approval, JABA(ASE-JBA) has agreed to a non-brokered private
placement of 2,000,000 units of securities of the Company at a price
of $0.25 per unit. Each unit shall consist of one common share and
one-half share purchase warrant with each whole warrant entitling the
holder to purchase one additional share of the Company at a price of
$0.25 per share for a period of one year from the closing of the
placement. The proposed placees are all directors of the Company.
The proceeds of the private placement will be used as working
capital to fund general and administrative expenses and ongoing
exploration.
In addition, the Company is pleased to announce the appointment
of Mr. Wan Jung, C.G.A. to the Board of Directors. Mr. Jung was
formerly Director of Finance for Nike Canada.
On behalf of the Board,
James A. Briscoe, Chief Executive Officer
JABA Inc. is a public company, Alberta Stock Exchange, Canada,
Stock symbol JBA John M. Guilbert, Ph.D., Chairman of the Board,
Professor Emeritus University of Arizona James A. Briscoe, Chief
Executive Officer, Registered Professional Geologist, Arizona #9424
California #518 |
