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 : TITANIUM CORPORATION INC.- The Next Major Mining Play -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (260)	7/18/2000 10:44:06 AM
From: chevalier	Read Replies (1) \| Respond to of 343

NAR Resources Ltd - NAR completes financing NAR Resources Ltd NRL Shares issued 7,838,202 2000-07-17 close $2.75 Tuesday Jul 18 2000 Mr. George Elliott reports NAR Resources has completed its previously announced private placement financing whereby the company issued 1.3 million special units at a price of $1.56 per special unit for total gross proceeds of $2,028,000 before deduction of commission and expenses. Yorkton Securities Inc. acted as agent for the financing. Each special unit is exercisable into one common share, one-half Series A warrant and one-half Series B warrant for no additional consideration. Each whole common share purchase A warrant will be exercisable into one common share at a price of $2 for a period of 18 months providing that: the A warrant cannot be exercised during the first six months; and the placee still holds the common shares at the time of the exercise of the A warrant. Each whole common share purchase B warrant will be exercisable into one common share at a price of $2.50 for a period of up to 12 months from the date of the exercise of the A warrant. The company has undertaken to qualify for distribution the common shares and common share purchase warrants issuable upon exercise of the special units through the filing of a prospectus. In the event the corporation does not obtain a receipt for a (final) prospectus in a province in which a holder of special units is resident on or before Dec. 17, 2000, each special unit exercised thereafter by such holder will entitle the holder thereof to acquire 1.1 common shares, 0.55 of an A warrant, and 0.55 of a B warrant in lieu of one common share and one common share purchase warrant. If at any time after the filing of the prospectus, the 30-day average trading price for the common shares equals or exceeds $3.50, each A warrant is only exercisable for a period of 30 days from the date the company delivers written notice to the placee to this effect. If at any time after the filing of the prospectus, the 30-day average trading price of the common shares equals of exceeds $4.50, each B warrant is only exercisable for a period of 30 days from the date the company delivers written notice to the placee to this effect. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com