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Gold/Mining/Energy : DRC Resources - Alberta, Canada diamond play, a shot at $$ -- Ignore unavailable to you. Want to Upgrade?


To: Howard H Bouch who wrote (76)8/9/2000 8:22:37 AM
From: Howard H Bouch  Read Replies (1) | Respond to of 83
 
NEWS RELEASE

DRC proceeding with $5-million financing

DRC Resources Corporation DRC
Shares issued 4,486,016 Aug 4 close $6.75
Tue 8 Aug 2000 News Release
Mr. John Kruzick reports
DRC Resources has received Canadian Venture Exchange acceptance for the
$5-million brokered private placement financing of special warrants. DRC
Resources and Thomas Kernaghan & Co. Limited have completed the
documentation pertaining to the closing of the financing and the funds have
been received by the company. The proceeds bring the company's current cash
position to $5.5-million. These funds will be applied toward exploration
and development of the Afton mine property and working capital.
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