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Author Topic: Can anyone tell me what this means? ..CZZ
Nash
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New to all this and not sure what this news is saying...more importantly what it might do to the stock price..

any help or comments are appreciated

nash

TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 16, 2003:

Number of Shares: 1,090,909 flow-through common shares

Purchase Price: $2.75 per flow through common share

Number of Placees: 6

Agent: Dundee Securities Corporation

Agent's Fee: Dundee Securities Corporation will receive a cash fee of 6.5% of the gross proceeds ($195,000). In addition, Dundee Securities Corporation will receive 70,909 Broker Warrants. Each warrant is exercisable into one common share at $2.35 per share for a two-year period.

Insider / Pro Group Participation: None

The Company has confirmed the closing of the above-mentioned private placement.



Posts: 140 | From: Canada | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

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