Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Alliance Pacific Gold Corp, V.APG (formerly Yukon Gold -V) -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (72)	12/5/1997 1:37:00 PM
From: rdww	Read Replies (1) \| Respond to of 209

nr on yukon property Alliance Pacific Gold Corp - $400,000.34 financing, etc, etc, etc Alliance Pacific Gold Corp APG Shares issued 8164116 1997-12-04 close $0.38 Thursday Dec 4 1997 Mr Brian Lueck reports The company has entered into an agreement with the Caratax Limited Partnership whereby Caratax has agreed to acquire 1,081,082 flow through shares at $0.37 for a total amount of $400,000.34. Such funds are to be held in escrow by the Montreal Trust Company and are to be released to the company as it incurs resource expenditures on its Plata Inca silver property in the Yukon Territory. Upon receipt from the company, from time to time, of certificates setting out actual resource expenditures incurred on the property on or before May 31 1998, which date may be extended by the parties, Caratax will cause Montreal Trust to pay to the company the amount specified in each certificate. The company will in turn issue to Caratax that number of flow through shares equal to the amount paid divided by $0.37. In the event the company is unable to incur a total of $400,000.34 in resource expenditures on the property before May 31 1998, Caratax shall have the option, up to and including December 31 1998, to subscribe for such number of shares at $0.37 equal to that amount being the difference between $400,000.34 and the total amount of resource expenditures incurred by the company. In addition, upon closing of the private placement, which must occur no later than December 15 1997, the company shall issue to Caratax, 1,081,082 warrants to purchase one additional share at $0.50 until February 28 2000. Such warrants shall be transferable, subject to applicable securities laws. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)