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Gold/Mining/Energy : Northpoint Resources Ltd. (NPR-V) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (35)	1/7/1998 3:15:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 37

Or maybe I was right! Northpoint Resources Ltd - 1,750,000 unit financing Northpoint Resources Ltd NPR Shares issued 4403919 1998-01-05 close $0.15 Monday Jan 5 1998 Mr Frank Gigliotti reports The company has negotiated a brokered private placement with Canaccord Capital Corp for the sale of up to 3.5 million units, of which 1,750,000 units will be issued on a flow through basis, at $0.15. Each non-flow through unit will consist of one share and one warrant entitling the holder to purchase an additional share at $0.15 in the first year of its term and at $0.17 in the second year. The terms of the flow through offering will be the same as the non-flow through except shares issued in conjunction with the flow through unit and as a result of the exercise of warrants will be issued on a flow through basis. A commission of 10% in agent's warrants and 10% cash will be paid to the agent; proceeds from the flow through offering will not be used to pay commission. Proceeds will be used for general working capital and qualified expenditures on the company's Canadian mineral properties. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Northpoint Resources Ltd - Northpoint Resources Ltd NPR Shares issued 4403919 1998-01-05 close $0.15 Monday Jan 5 1998 The company has granted incentive stock options entitling certain individuals to purchase up to 313,570 shares at $0.15 for two years. In addition, the company will be seeking VSE acceptance to the repricing of stock options granted to certain individuals allowing them to purchase up to 286,928 shares at $0.61; the company will request the exercise price be changed to $0.15 to more accurately reflect the current market price. The company also wishes to advise of the cancellation of an outstanding option to purchase up to 69,999 shares at $0.71. The company will not be proceeding with stock options announced December 2 1997. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com