Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (3576)	7/20/1999 2:50:00 PM
From: Salt'n'Peppa	Respond to of 15703

Westminster Closes Equity Financing Westminster Resources Ltd. has completed a closing of its previously announced offering of units and "flow-through" common shares. A total of 1,746,000 units were issued at a price of $4.00 per unit and 934,300 flow-through shares were issued at a price of $4.30 per share, for total gross proceeds of approximately $11 million. Each unit consists of one common share and one-half of one warrant to purchase a common share at a price of $5.00 at any time on or before July 20, 2000. Westminster will renounce to subscribers for "flow-through" shares Canadian exploration expense equal to the subscription amount for the "flow-through" shares effective on or before December 31, 1999. The agents for the offering are Dundee Securities Corporation, CIBC World Markets Inc., Canaccord Capital Corporation and HaywoodSecurities Inc. Proceeds from the issue will be used to repay bank indebtedness and fund Westminster's ongoing exploration and development activities.