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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: David in Ontario who wrote (117)	5/21/1998 7:00:00 PM
From: David in Ontario	Read Replies (1) \| Respond to of 2444

NIR News...14:11 PST, 21 May ********************************************************** Private Placement Brokered NAPIER INTERNATIONAL TECHNOLOGIES INC. ("NIR") - Private Placement-Brokered The Vancouver Stock Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 27, 1998: Number of Shares: 1,920,000 special warrants Purchase Price: $0.30 per special warrant Each special warrant is convertible into a unit consisting of one common share and one half share purchase warrant. Warrants: 960,000 non-transferable share purchase warrants to purchase 960,000 shares Warrant Exercise Price: $0.40 for one year following closing Placees: Roger Kazanowski 365,000 Richard J. Kraniak 365,000 Michael C. Lee 365,000 Marybeth Whythe 325,000 Richter Ltd. 500,000 Finder's Fee: 192,000 common shares to be issued to Union Securities The Company shall issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. ________________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041