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Gold/Mining/Energy : Poplar Resources (PPX.V) -- Ignore unavailable to you. Want to Upgrade?

To: buylowsellhigh who wrote (13)	10/29/1997 11:53:00 PM
From: Essam Hamza	Read Replies (1) \| Respond to of 81

2,620,000 special warrants at $0.30 Poplar Resources Ltd PPX Shares issued 16,155,679 Oct 28 close $0.30 Wed 29 Oct 97 Private Placement The VSE has accepted for filing the first tranche of a brokered private placement of 2,620,000 special warrants (of a 7,000,000 special warrant offering) at $0.30. Each special warrant is exchangeable, at no additional cost, into one share. If a final receipt for a prospectus has not been obtained within 150 days, each holder of special warrants will be entitled to receive 1.1 shares per exercised special warrant. The placees are Benitz & Partners (Bryan M. Benitz) 870,000; The Harmattan Corp (b/o Coson Company) 350,000; Robert L. Bell 350,000; and three others. The agent, Union Securities, will receive a 9% commission, of which half will be payable in cash and the balance in the issuance of agent's special warrants. The agent's special warrants will have the same terms and conditions as described above. The agent will also receive compensation options equal to 15% of the number of special warrants sold. Each compensation option will entitle the agent to acquire an agent's warrant. Each agent's warrant will entitle the agent to acquire one additional share at $0.30 for one year. The agent will receive a corporate finance fee of $35,000.