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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: John E.Quinn who wrote (712)	11/8/1999 6:59:00 PM
From: Just G	Read Replies (1) \| Respond to of 2255

Pacific North West to sell 2.5 million units privately Pacific North West Capital Corp PFN Shares issued 8,492,000 Nov 8 close $0.44 Mon 8 Nov 99 News Release Mr. Harry Barr reports Pacific North West Capital Corp. has entered into an engagement letter with Haywood Securities Inc. of Vancouver, B.C. (the agent), for a brokered private placement, on a best efforts basis, of up to 2.5 million units at a subscription price of 40 cents per unit for gross proceeds of $1-million. Each unit will consist of one flow-through common share of the company and one-half of one common share purchase warrant. Each whole warrant entities the holder thereof to purchase one additional common share of the company at a purchase price of 60 cents on or before 12 months from the date of issue. The company will pay a commission to the agent equal to 7.5 per cent of the gross proceeds payable in cash at closing time. The company will also issue to the agent up to 250,000 warrants, each warrant exercisable for one common share at a price of 40 cents for one year from the date of closing. The foregoing is subject to regulatory approval. The proceeds of the financing will be used to finance the company's platinum/palladium exploration programs near Sudbury and Timmins, Ont. Some of the company's Sudbury properties are being explored in conjunction with an option/joint venture agreement with AMPLATS, (Anglo American Platinum Corporation Limited), the world's largest platinum producer. Pacific North West Capital Corp. aggressively acquires, explores and develops platinum group metal projects. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com