New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: Grant Movold who wrote (196)	5/6/1998 2:16:00 AM
From: Grant Movold	Read Replies (1) of 407

Here is another news release I dug out of the archives.... NBLÿÿ1998-03-20 ÿÿ(provided courtesy of ISDN Wire Service) NEW BLUE RIBBON RESOURCES LTD. ANNOUNCES 2,000,000 UNIT PRIVATE PLACEMENT AT $0.25 PER UNIT / GRANTING OF INCENTIVE STOC VANCOUVER, BRITISH COLUMBIA-- New Blue Ribbon Resources Ltd. (the "Company") is pleased to announce that it has agreed to raise up to $500,000 by way of private placement of units at $0.25 per Unit. Each unit will be comprised of one common share and one non- transferrable share purchase warrant. One warrant will entitle the holder thereof to purchase one additional common share of the Company at $0.30 per share for a one year period. There will be no finder's fee payable pursuant to this placement. Closing is subject to board and regulatory approval and completion of final documents. The capital being raised will be used by the Company for purchasing and to commence exploration of its diamond property located in Northern Alberta and general working capital. The Company further wishes to announce that it has reserved 300,000 common shares for the granting of incentive stock options to certain of its directors and employees at a price of $0.30 per share, for up to a five year term, subject to regulatory approval. This Press Release was prepared on behalf of the Board of Directors which accepts full responsibility for its contents. ON BEHALF OF THE BOARD (signed) MARTYN ELEMENT, Director FOR FURTHER INFORMATION PLEASE CONTACT: Martyn Element & Associates Tel: (604) 687-6820 Toll Free: 1-800-505-5655 Fax: (604) 687-6328 The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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