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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: Ritch D who wrote (3757)	9/27/1999 4:01:00 PM
From: Alex Harrington	Respond to of 4504

Here's the release: Manhattan Minerals Corp - Manhattan Minerals arranges equity financing Manhattan Minerals Corp MAN Shares issued 24,440,323 1999-09-24 close $5.1 Monday Sep 27 1999 Mr. Graham Clow reports The company has entered into an agreement with a syndicate of underwriters for the sale on a bought deal underwritten basis of 3.5 million common shares at $5 per common share for gross proceeds of $17.5-million. In addition, the underwriters have the option, until closing, to purchase up to an additional 1.5 million common shares, which, if fully exercised, would increase the offering to $25.0-million. The syndicate is led by National Bank Financial Corp., and the other members are CIBC World Markets Inc., Nesbitt Burns Inc., Sprott Securities Limited, Salman Partners Inc., and Goepel McDermid Inc. The company will shortly be filing a preliminary short form prospectus in respect of the offering, and closing is expected to occur on or about Oct. 19, 1999. Manhattan will use the net proceeds of the offering to complete the exploration and feasibility programs at the Tambo Grande project in Peru, and for general corporate purposes. The Tambo Grande project includes: the TG-1 deposit hosting more than 1.2 million ounces of gold, plus significant silver, with excellent expansion and early development potential; the TG-1 copper/zinc/gold/silver deposit hosting an inferred resource in excess of 42 million tonnes grading 2.0 per cent copper, 1.5 per cent zinc, 38 grams per tonne silver, as well as newly identified gold content in the order of 0.7 of a gram per tonne; the TG-3 copper/zinc/gold/silver deposit, which recent exploration has shown to be one of the largest volcanogenic massive sulphide deposits in the world; and fifteen other gravity anomalies that require further exploration. The common shares offered will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without an exemption from applicable registration requirements. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com