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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (6749)	2/22/2002 11:59:15 AM
From: Al Collard	Read Replies (3) \| Respond to of 11802

BCP-v...in the news: Bell Coast arranges $375,000 financing Fri 22 Feb 2002 Mr. Rahoul Sharan reports Bell Coast Capital has negotiated a brokered private placement on a best-effort basis pursuant to which Canaccord Capital Corp. will offer on a best-effort basis 2.5 million units at a price of 15 cents per unit. Each unit will consist of one share and one-half share purchase warrant exercisable two years following closing of the private placement at a price of 20 cents per warrant. The agent will receive a commission equal to 5 per cent of the gross proceeds realized from the offering and broker warrants in a number equal to 25 per cent of the units sold. The broker warrants are exercisable on a 1:1 basis at a price of 17 cents for a period of two years. The net proceeds of the offering will be used by the company for working capital purposes and in order to provide the company with sufficient funds to be able to complete all due diligence and title inquiries with respect to a mineral exploration opportunity identified in Mongolia. Should title and geological information be to the company's satisfaction, the company would intend to proceed with attempts to negotiate suitable terms of acquisition. The estimated cost to the company of completing its due diligence inquiries would be approximately $80,000. There are no assurances that satisfactory arrangements can be made for the acquisition of an acceptable interest in the identified property. The private placement is subject to regulatory body approval.