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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (406)	4/21/1998 8:20:00 PM
From: Veritas	Read Replies (1) \| Respond to of 1044

Thought you'd be interested in some FACTS: BusinessWire, Tuesday, April 21, 1998 at 18:30 VANCOUVER, British Columbia--(BUSINESS WIRE)--April 21, 1998-- JABA Inc.(Alberta Stock Exchange:JBA.) Subject to Alberta Stock Exchange approval, JABA(ASE-JBA) has agreed to a non-brokered private placement of 2,000,000 units of securities of the Company at a price of $0.25 per unit. Each unit shall consist of one common share and one-half share purchase warrant with each whole warrant entitling the holder to purchase one additional share of the Company at a price of $0.25 per share for a period of one year from the closing of the placement. The proposed placees are all directors of the Company. The proceeds of the private placement will be used as working capital to fund general and administrative expenses and ongoing exploration. In addition, the Company is pleased to announce the appointment of Mr. Wan Jung, C.G.A. to the Board of Directors. Mr. Jung was formerly Director of Finance for Nike Canada. On behalf of the Board, James A. Briscoe, Chief Executive Officer JABA Inc. is a public company, Alberta Stock Exchange, Canada, Stock symbol JBA John M. Guilbert, Ph.D., Chairman of the Board, Professor Emeritus University of Arizona James A. Briscoe, Chief Executive Officer, Registered Professional Geologist, Arizona #9424 California #518