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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (2573)1/12/2003 11:34:20 AM
From: 4figureau  Respond to of 5423
 
That would be great Liz. :)



To: Elizabeth Andrews who wrote (2573)1/13/2003 4:11:19 PM
From: 4figureau  Respond to of 5423
 
SML:

Stealth Minerals arranges two private placements
Stealth Minerals Ltd SML
Shares issued 32,819,553 Jan 10 2003 close $ 0.25
Monday January 13 2003 News Release

Mr. Bradley Jones reports
Stealth Minerals has arranged a non-brokered private placement for proceeds of up to $3-million. The private placement will consist of up to 10 million flow-through common shares of the corporation at a price of 30 cents per share. The proceeds from the placement will be used to finance its 2003 exploration program on the corporation's Toodoggone project in Northern British Columbia which adjoins Northgate Exploration Ltd.'s producing gold-copper Kemess deposit to the north.
The corporation also wishes to announce its intention to conduct a non-brokered private placement for proceeds of up to $1-million. This private placement will consist of up to four million units of the corporation at a price of 25 cents per unit. Each unit will consist of one common share and one warrant. Each two warrants will entitle the holder to purchase one common share at an exercise price of 25 cents per share for a period of one year from closing. Proceeds from this private placement will be used for general working capital.
Finders' fees may be paid on the private placements in accordance with the policies of the TSX Venture Exchange.