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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST
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To: Grant Movold who wrote (198)5/7/1998 1:01:00 AM
From: Grant Movold  Read Replies (1) of 407
 
********MORE NEWS**********

New Blue Ribbon Resources Ltd NBL
Shares issued 3185922 1998-04-24 close $0.3
Monday Apr 27 1998

Mr. Doug Williamson reports
New Blue Ribbon Resources has entered into a brokered financing with Yorkton Securities as agent, by way of an exchange offering prospectus wherein a maximum of 3,750,000 units will be subscribed for at the minimum price per unit of 40 cents, with a greenshoe option allowing for up to a further 562,500 units to be over allotted by Yorkton Securities at any time within 60 calendar days after closing of this transaction. Each unit will consist of one common share and one series A warrant. Each series A warrant will be exercisable for a 12 month period from the date of issue into one share of the company. The exercise price of the series A warrant will be equal to the offering price of the units. The proceeds derived from this transaction will be used for diamond exploration on the company's Alberta properties and general working capital. Yorkton Securities will be paid a commission of 7.5 per cent of the gross proceeds of the offering payable on closing plus the entitlement to broker's warrants equal to 15 per cent of the units sold. The exercise price of the broker's warrants will be equal to the exercise price of the series A warrants with the same expiration date.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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