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Post by Franko10 ™ on Sept 11, 2004 14:24:03 GMT -5
NEWS RELEASE
TRADING SYMBOL: SEI.V DECEMBER 5, 1997
The Company is pleased to announce that it has arranged a private placement of 1.1 million flow-through units at a price of $0.15 per unit. Each unit consists of one flow-through common share and one warrant to purchase an additional share at $0.20 for two years. The proceeds of $165,000.00 will be used for exploration of the Company’s Saskatchewan properties.
The Company is also pleased to announce that Battle Mountain Gold has paid its option payment to Shane in order to maintain its option on Shane’s Red Lake, Ontario gold property in good standing.
On behalf of the Board of Directors R.G. Walker President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.
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