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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (81)	7/25/2002 2:14:36 PM
From: Famularo	Respond to of 16205

oplar Resources raises $724,290.93 through short form offering Poplar Resources Ltd PPX Shares issued 53,544,201 Jul 24 close $0.09 Thu 25 Jul 2002 News Release Mr. Alvin Jackson reports FINANCING COMPLETED Poplar Resources has completed its short form offering for gross proceeds of $724,290.93 through the issuance of 6,584,463 units at a price of 11 cents per unit. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of 15 cents per share in year one and 25 cents per share in year two. The funds will be used to advance the Sundsvall project in Sweden, the Mistassini and Nottaway Central project in Quebec and for general working capital. Pacific International Securities Inc. of Vancouver, BC, acted as lead agent on this financing, with significant involvement by Union Securities Ltd., Canaccord Capital Corp. and Dundee Securities Ltd. The company paid the lead agent a cash commission of $57,943.27 and 987,669 agent's warrants. In addition to the short form offering, the company completed a private placement of $66,660 as announced in news in Stockwatch dated June 19, 2002.