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Gold/Mining/Energy : Daily News

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To: zoli bognar who wrote (603)8/11/1998 1:34:00 PM
From: Kent C.  Read Replies (1) of 746
 
Aug 11 - DML.VSE - $900,000 private placement
Donner Minerals Ltd
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.
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