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

To: Just G who wrote (713)	11/9/1999 7:44:00 PM
From: Just G	Respond to of 2255

Pacific North West Capital $400,000 financing Pacific North West Capital Corp PFN Shares issued 8,492,000 Nov 9 close $0.40 Tue 9 Nov 99 News Release Mr. Harry Barr reports The board of directors of Pacific North West Capital will seek to arrange a non-brokered private placement of up to one million units at a subscription price of 40 cents per unit for gross proceeds of $400,000. Each unit will consist of one 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. A finder's fee will be payable on conclusion of this placement. The foregoing is subject to regulatory approval. The proceeds of the financing will be used for the company's platinum/palladium exploration programs near Sudbury and Timmins, Ont., and for general working capital. 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 aggressively acquires, explores and develops Platinum Group Metal projects. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com