DONNER MINERALS LTD.
Number: 010-99
Dated: May 18, 1999 VSE Symbol: DML
Teck, Falconbridge and Noranda Private Placements Close
NEWS RELEASE
The Company announces that its private placement announced in its News Release dated April 29, 1999 was accepted for filing by the Vancouver Stock Exchange on May 17, 1999 (the "Approval Date"). In accordance with the provisions of the Subscription Agreements, a total of 2,750,000 units at $0.40 per unit, each unit consisting of one (1) common share and one (1) non-transferable share purchase warrant entitling the holder to purchase one (1) additional common share, were issued to the placees on the Approval Date, which shares, together with any shares issued on exercise of the warrants, will be subject to a hold period in British Columbia expiring at 12:00 (midnight) on August 29, 1999...OH JOY!!!!....
The Company further announces that its private placement announced in another of its News Releases dated April 29, 1999 was also accepted for filing by the Vancouver Stock Exchange on May 17, 1999 (the "Approval Date"). In accordance with the provisions of that Subscription Agreement, a total of 1,000,000 units at $0.25 per unit, each unit consisting of one (1) common share and one (1) non-transferable share purchase warrant entitling the holder to purchase one (1) additional common share, were issued to the placee on the Approval Date, which shares, together with any shares issued on exercise of the warrants, will also be subject to a hold period in British Columbia expiring at 12:00 (midnight) on August 29, 1999... DOUBLE JOY...
ON BEHALF OF THE BOARD OF
DONNER MINERALS LTD. |
