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 : Metallica (MR T) -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (245)	3/26/2002 11:11:30 PM
From: Dan P	Read Replies (1) \| Respond to of 263

News release and resume trading: : Metallica Resources Inc - News Release Date: 03/26/2002 10:08:50 AM Central Standard Time Metallica arranges $7.02-million financing Metallica Resources Inc MR Shares issued 27,077,735 Mar 25 close $1.85 Tue 26 Mar 2002 News Release Mr. Ritch Hall reports METALLICA RESOURCES ANNOUNCES CND$7 MILLION EQUITY FINANCING Metallica Resources has entered into an agreement with Canaccord Capital Corp., under which Canaccord has agreed to purchase 3.9 million units at a price of $1.80 (Canadian) per unit for total proceeds of $7.02-million (Canadian). Each unit consists of one common share and one-half common share purchase warrant. Each full warrant will have a term of one year at an exercise price of $2.25 (Canadian). The closing date is anticipated to be on or about April 16, 2002. It is the intention of Metallica to use the net proceeds from the issuance of the units for general corporate purposes. The offering is subject to certain conditions including, but not limited to, satisfactory due diligence by Canaccord and the receipt of all necessary approvals. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. WARNING: The company relies upon litigation protection for "forward-looking" statements.