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 : Cypress Min. (CYP.V) Diamond Fields clone? -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (474)	1/25/1999 10:19:00 PM
From: Henry Hooymans	Read Replies (1) \| Respond to of 595

Cypress negotiates private placement with Canaccord Cypress Minerals Corp CYP Shares issued 13,970,781 Jan 22 close $0.10 Mon 25 Jan 99 News Release Mr. Donald Huston reports The company has negotiated with Canaccord Capital Corp. a private placement of one million flow-through units and one million non-flow-through units. The flow-through units and non-flow-through units are both being offered at 15 cents per unit. Each flow-through unit will consist of one flow-through share and one warrant entitling the holder to purchase an additional flow-through share at 15 cents in the first year of exercise and at 17 cents in the second year of exercise. Each non-flow-through unit will consist of one non-flow-through share and one warrant entitling the holder to purchase an additional non-flow-through share also at 15 cents in the first year of exercise and at 17 cents in the second year of exercise. The agent will receive a cash commission equal to 5 per cent of the total gross proceeds received by the company from the sale of the flow-through units and the non-flow-through units. In addition, the agent will receive agent's warrants in an amount equal to 10 per cent of the total number of flow-through units and non-flow-through units sold. The agent's warrants shall have the same terms as the non-flow-through warrants. The agent will also receive 100,000 shares of the company as a corporate finance fee. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com