Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Elizabeth Andrews who wrote (6653)	8/11/1998 12:07:00 PM
From: Ed Pakstas	Read Replies (4) of 11676

$900,000 private placement Donner Minerals Ltd DML Shares issued 31,689,657 Aug 10 close $0.40 Tue 11 Aug 98 News Release Mr. Harvey Keats reports The company has negotiated a brokered private placement with Union Securities of $900,000. These funds will be raised by the company issuing three million units at 30 cents. Each unit is comprised of one share and one warrant to purchase an additional share at 30 cents for the first year and 35 cents for the second year. The company has agreed to pay Union Securities a 5 per cent commission and has further agreed to issue class B warrants to purchase up to 300,000 shares at 30 cents for one year. The net proceeds will be used to further exploration of the company's South Voisey's Bay project in Labrador. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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