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 : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (3500)	8/9/2000 8:52:13 PM
From: Natedog	Read Replies (1) \| Respond to of 4269

Yes Elect, we do. I am looking forward to those holes also. maybe up to 6! That would certainly confirm ore if they have hit! I think it is also important that we discuss the flow throughs. Now FGR has more money in the kitty to spend on exploring. And we all know how reasonable Murdo is when it comes to spending that money ;-)) VERY effective! Here is a copy of the latest release since it was not posted here. Flag Resources (1985) Ltd - Flag begins private placement by offering memorandum Flag Resources (1985) Ltd FGR.A Shares issued 16,224,180 2000-08-08 close $0.35 Wednesday Aug 9 2000 Also Golden Briar Mines Ltd (GLB) Mr. M.C. McLeod of Flag Resources reports Subject to regulatory approval, Flag Resources (C.V.E), by offering memorandum, is offering two million units, by way of private placement, at a price per unit equal to the greater of 25 cents and the average trading price of its shares for the 10 days proceeding the date of purchase of the units, less such permissible discount as prescribed by the Canadian Venture Exchange, but with no private placement purchase price below 25 cents. Each unit consists of one common share issued on a flow-through basis, pursuant to the Income Tax Act (Canada) and one share purchase warrant. Each warrant entitles the holder to purchase one common share (not issued on a flow-through basis), at a price equal to 150 per cent of the purchase price per unit, exercisable for one year from the date of issue of the warrant. Subject to regulatory approval, Golden Briar (M.S.E), by offering memorandum, is offering two million units, by way of private placement, at a price equal to the greater of 15 cents and the average trading price of its shares for the 10 days proceeding the date of purchase, less such permissable discount as prescribed by the Montreal Exchange, but with no private placement purchase price below 15 cents. Each unit consists of one common share of Golden Briar, issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one share purchase warrant. Each warrant entitles the holder to purchase one common share (not issued on a flow-through basis), at a price equal to 150 per cent of the purchase price per unit, exercisable for one year from the date of issue of the warrant. Proceeds from Flag and Golden Briar's offerings are to be used mainly to drill deeper drill targets for platinum and palladium, on Flag's 70,000-acre holdings in the Wanapitei anomaly, Sudbury, Ont., the adjoining regional magnetic and gravity anomaly to the Sudbury anomaly, and its nickel, copper and platinum group ore deposits. Flag has optioned ground in northwestern Rathbun township and McNish township, to Golden Briar, from it's holdings. Mineral intersections in RL 33, 34, 35, 37, 39 and 40, drilled by Flag and Golden Briar, in the Rathbun Lake peninsula, are being logged and assayed for platinum and palladium. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)