Hi Graham,
Here's another release from BLO!!
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: BLUE RIBBON RESOURCES LTD.
VSE SYMBOL: BLO
FEBRUARY 25, 1997
Blue Ribbon Resources Completes Private Placement
VANCOUVER, BRITISH COLUMBIA--Further to the Company's news release
dated January 6, 1997, the Company is pleased to announce the
completion of a private placement consisting of 3,600,000 units at
a price of $0.25 per unit. Each unit is comprised of one common
share and one non-transferable share purchase warrant. Each share
purchase warrant entitles the holder thereof to purchase one
additional common share of the Company at a price of $0.25 per
share for a period of twelve months, for net proceeds of
$900,000.00. The expiry date of the shares and warrants to be
issued to the placees is January 31, 1998. The Company will also
pay to Brawley Cathers Limited, of Suite 500, 141 Adelaide Street
West, Toronto, Ontario M5H 3L9, a finder's fee of $7,500 cash and
125,000 shares of the Company will be issued to Pantic Investors
Limited, c/o Manation Enterprises Limited, Room 502, 5th Floor,
Oriental Centre, 67-71 Chatham Road, Tsimshatsui, Kowloon, Hong
Kong, the beneficial owner of which is Mr. Tsang Ping Lam in
consideration for their efforts in helping complete this private
placement.
This Press Release was prepared on behalf of the Board of
Directors which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
Jack DiMarchi, President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Martyn Element & Associates
Robert Matthews
Email: element@info-mine.com
(604) 687-6820
(604) 687-6328 (FAX)
1-800-505-5655
info-mine.com
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
There you go, confirmation and completion of the first PP.
The Land Crusiers all filled up with gas, with an extra tank strapped to the back, let's see how far she'll take us...
- Chris A. |
