Fri Nov 14, 2003 Non-Brokered Private Placement of 1,000,000 Units Closed
Further to the Company's news release dated October 21, 2003 the Company announces that has closed its non-brokered private placement of 1,000,000 Units at a price of $0.20 per unit. Each unit consists of one share and one share purchase warrant which will entitle the holder to purchase an additional share of the Company at a price of $0.20 per share until November 12, 2004. The Company also paid the sum of $5,000 to Haywood Securities Ltd. and paid the sum of $5,000 and issued 25,000 Units to Canaccord Capital Corporation. The shares and any shares to be issued upon exercise of the share purchase warrants are subject to a hold period expiring on March 12, 2004.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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