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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone?
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To: average joe who wrote (35)12/16/1998 6:05:00 PM
From: Gord Bolton   of 359
 
CRJ. (TSE) CRJ. (ASE)

Attention Business Editors:

Claude Closes Flow-Through Private Placement

SASKATOON, SK, Dec. 16 /CNW/ - Claude Resources Inc. is pleased to
announce that it has closed the private placement of 909,091 special warrants
issued on a flow-through basis at a price of $1.65 per special warrant for
gross proceeds of $1,500,000. Each special warrant entitles the holder to
subscribe for one (1) common share of the Corporation at no additional cost to
the holder. Canaccord Capital Corporation acted as the Corporation's agent on
the transaction.
The proceeds of this offering will be used by the Corporation to incur
Canadian exploration expenditures in connection with the Corporation's mining
properties, with such expenditures to be incurred on or before December 31,
1999.
%SEDAR: 00000498E

-30-

For further information: Neil McMillan, President, Phone: (306)
668-7505

CLAUDE RESOURCES INC. has 25 releases in this database.
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