Wed Oct 9, 2002 The Company announces that it has amended the terms of its private placement
The Company announces that it has amended the terms of its private placement announced by news release dated September 12, 2002. The Company will carry out a non-brokered private placement of up to 1,000,000 Units at a price of $0.10 per Unit. Each Unit will consist of one share and one share purchase warrant which entitles the holder thereof to purchase an additional share of the Company at a price of $0.10 per share for a period of two years. The proceeds of the private placement will be utilized for general working capital purposes.
A finder's fee in the maximum amount allowable will be paid in connection with the private placement offering.
Consolidated Abaddon Resources Inc. is a Vancouver based mineral exploration company with holdings in Red Lake, Ontario and the Botwood Basin, Gander River Project area, Newfoundland.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
You can view the Next News Releases item: Tue Oct 15, 2002, The Company commissions a Geological Report on the Sidace Lake Property
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