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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (10344)	11/19/2004 10:57:43 PM
From: Richard Saunders	Read Replies (1) \| Respond to of 24921

Richard B., re: SAW it has been a longtime since I was a shareholder. Interesting too with trading volume getting cranked up today....... here's a news release from last August that may have some bearing? Still, can't argue with production increases, etc. Hope you do well with it. =================== AN OLD NEWS RELEASE Sawtooth International Resources Inc (C-SAW) - News Release Sawtooth International completes financing 2004-07-16 15:15 ET - News Release Shares issued 14,539,625 Close 2004-07-13 C$ 1.03 Mr. Gary Waters reports SAWTOOTH ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT OF 2,543,382 COMMON SHARES Sawtooth International Resources Inc. has closed a brokered private placement for a total of 2,543,382 common shares of the corporation for gross proceeds of $2,414,999.70. A total of 855,882 shares were issued at a price of 85 cents per share and a total of 1,687,500 shares were issued as flow-through shares under the Income Tax Act (Canada) at a price of $1 per share. The 2,543,382 shares were sold to purchasers in the provinces of Alberta, British Columbia and Ontario in reliance upon exemptions from the prospectus requirements of securities legislation in such jurisdictions and are subject to a restricted period expiring on Nov. 17, 2004. Haywood Securities Inc. acted as agent in connection with the sale of the shares and received agent's fees of $169,049.98, representing 7 per cent of the gross proceeds, as well as agent's warrants to acquire a total of 127,169 shares (equal to 5 per cent of the shares sold), exercisable within 12 months from closing at a price of $1 per share. The agent's warrants and the shares issuable upon exercise of the agent's warrants will be subject to a restricted period expiring on Nov. 17, 2004. The corporation also closed on the non-brokered sale of a total of 30,000 shares issued as flow-through shares under the Income Tax Act (Canada) at a price of $1 per share to a purchaser resident in Saskatchewan in reliance upon exemptions from the registration and prospectus requirements of the securities laws of that province. The 30,000 shares are subject to a restricted period expiring on Nov. 17, 2004. No commission or fee was paid in connection with such sale. The proceeds from the sale of the flow-through shares and the net proceeds from the sale of the non-flow-through shares will be used to finance the corporation's current development and drilling program in the Redwater/Fort Saskatchewan area of Alberta.