News Concerning Private Placement
NTERNATIONAL WAYSIDE GOLD MINES LTD. ("IWA") - Private
Placement-Non-Brokered
The Vancouver Stock Exchange has accepted for filing documentation
with respect to a Non-Brokered Private Placement announced October
1, 1998:
Number of Shares: 6,388,388 shares (of which 2,445,335 are on a
flow-through basis)
Purchase Price: $0.15 per share
Warrants: 2,194,194 non-transferable share purchase warrants to purchase
3,194,194 shares
Warrant Exercise Price: $0.25 for a one year period
Placees: Top fifteen non-insider placees (and 35 other placees):
Jean Baardman 91,667 F/T
A. Schellenberg 100,000 F/T
Cameron Schmidt 100,000 F/T
Johansen Thackeray & Co.
(John R. Thackery /A.D. Johansen) 100,000 non F/T
J. Ward Phillips 100,000 non F/T
Richard Blumberg 300,000 non F/T
James Lewis IRA Account 100,705 non F/T
Edmund A. Stiles 100,000 non F/T
John West 200,000 non F/T
Mark Locatelli 400,000 non F/T
Danny Crandell 300,000 non F/T
Michael Law 200,000 non F/T
Jeff Sholl 150,000 non F/T
Thomas Remick 150,000 non F/T
Jocelyn Kebreau 100,000 non F/T
Insiders: J. Frank Callaghan 300,000 F/T
H. K. (Ken) Maddison 400,000 F/T
Elaine Callaghan 200,000 F/T
Claud Blagdon 100,000 F/T
Andrew Rees 65,000 F/T
Tammy Perry 25,000 F/T
Shawn Dykes 100,000 F/T
Lance Goodell 50,000 non F/T
Standard Drilling & Engineering Ltd.
(Frank Callaghan) 1,000,000 non F/T
Finder's Fee: Hanna Jay will receive a finder's fee of 66,000 common shares. These
securities have not yet been issued. The Company shall issue a news release if the
private placement does not close promptly. Note that in certain circumstances the
Exchange may later extend the expiry date of the warrants, if they are less than the
maximum permitted term. |
