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To: Ed Ajootian who wrote (5300)12/21/2003 9:02:57 AM
From: schzammm  Respond to of 108915
 
Corridor Announces $3,000,000 Private Placement of Units
Friday December 19, 3:10 pm ET

HALIFAX, NOVA SCOTIA--Corridor Resources Inc. (CDH - TSX-V) Corridor announced today that it is proceeding with a private placement of up to 3,000,000 units ("Units") at a purchase price of $1.00 per Unit for gross proceeds of $3,000,000. Each Unit consists of one common share of Corridor and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of Corridor at a purchase price of $1.50 for one year from the date of issue. The Units will be issued pursuant to prospectus exemptions available under applicable securities legislation and will be subject to a four month hold period.

biz.yahoo.com